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Rate Setter Loan - Apply Elsewhere?
Hi All
I have this weekend been approved for a £15k loan from RateSetter, at a interest rate of 12% ish.
I am looking to use the money to consolidate credit card debt as a lot of the interest free balance transfer rates are soon coming to a close, before they shoot up to around 25% APR.
Question is, at 12%, this is pretty high, would it be worth applying eleswhere to see if I could get a more beneficial rate, or would this be pointless, and affect me receiving the loan from RateSetter if i cannot get finance elsewhere?
For example, i apparently have a 50% chance of getting a loan from Hitachi finance.
worth a punt?
thanks for advice, suggestions etc.
I have this weekend been approved for a £15k loan from RateSetter, at a interest rate of 12% ish.
I am looking to use the money to consolidate credit card debt as a lot of the interest free balance transfer rates are soon coming to a close, before they shoot up to around 25% APR.
Question is, at 12%, this is pretty high, would it be worth applying eleswhere to see if I could get a more beneficial rate, or would this be pointless, and affect me receiving the loan from RateSetter if i cannot get finance elsewhere?
For example, i apparently have a 50% chance of getting a loan from Hitachi finance.
worth a punt?
thanks for advice, suggestions etc.
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