best time of day/month to apply for loan ?

mansicklebobblebod

Hi all,

I am on the cusp of applying for a loan to fund a much needed kitchen replacement.Looking at £7,500 and I have good credit score.

I'm just wondering if there is a best time of the month or even day to get the best rate or chance of acceptance.I know some companies have 'quotas' to fill and wondered if it were the same in the loan business.

Thanks in advance - Rob

BorisThomson

12.30pm on the 19th.

[Deleted User]

I'm not aware there is a good time Rob.

PeacefulWaters

Alas, if there are quotas to fill, nobody has ever worked out which companies these are or when there "fill your boots" window opens.

More likely they just tweet the credit scoring system either way as and when needed. You'll just never know.

DCFC79

mansicklebobblebod wrote: »

Hi all,

I am on the cusp of applying for a loan to fund a much needed kitchen replacement.Looking at £7,500 and I have good credit score.

I'm just wondering if there is a best time of the month or even day to get the best rate or chance of acceptance.I know some companies have 'quotas' to fill and wondered if it were the same in the loan business.

Thanks in advance - Rob

Hi Rob

There is no specific time but your credit isn't seen by anyone else other than you, penders see your history.

TrustyOven

The best time is when you have the money saved up in your bank account, and don't need to take out a loan.

elle_may

BorisThomson wrote: »

12.30pm on the 19th.

HA HA! If life was that easy. :rotfl:Had to chuckle at that one.

pmartin86

BorisThomson wrote: »

12.30pm on the 19th.

I've heard that between 10:00 and 11:30 on the 30th feb is 100% guranteed with the representive APR AND they don't persue you if you don't bother repaying.

[Deleted User]

This thread is turning into a post builder's paradise...

bazzyb

Twelvety..........

DCFC79

Caroline_Parker wrote: »

Hi Rob,
I recon that you have a good credit score and thats all you need! Just focus on trying to convince the finance company that you are able to pay them back and will not default. I would choose a Monday morning for this where everyone come for work fresh after a break of a good weekend. Good Luck and I hope you will get your way through this!

Credit score isn't all you need Caroline unless you know of any lenders who lend based on the credit score.