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Applying for a Personal Loan?
MentalMinnie
Posts: 814 Forumite
in Loans
We are looking to apply for a loan to part fund a car, Hitatchi personal finance are coming out best rates wise. I have 2 questions
1) Can anyone comment on what Hitatchi are like are a company?
2) We’ve just remortgaged in the last month so there a credit search for that on my husbands credit file, will that have a negative effect on a loan application? i.e. too many applications? He has excellent credit, under £2k on a credit card, all accounts paid on time, no ccjs.
Many thanks
1) Can anyone comment on what Hitatchi are like are a company?
2) We’ve just remortgaged in the last month so there a credit search for that on my husbands credit file, will that have a negative effect on a loan application? i.e. too many applications? He has excellent credit, under £2k on a credit card, all accounts paid on time, no ccjs.
Many thanks
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Comments
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I once had a loan with Hitachi and they were fine, but then again I never missed a payment.Savings as of April 2023 Savings account - £26460.50(14474.88)Current account - £2140.24(4576.79)Total - £28600.74(19051.67) £1010 (£65pm CS/BS) £250 CS/BS/JS0
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In what way?MentalMinnie wrote: »
1) Can anyone comment on what Hitatchi are like are a company?MentalMinnie wrote: »2) We’ve just remortgaged in the last month so there a credit search for that on my husbands credit file, will that have a negative effect on a loan application? i.e. too many applications? He has excellent credit, under £2k on a credit card, all accounts paid on time, no ccjs.
If his credit history is good then a single credit search will almost certainly make no difference to the application.0 -
In what way?
If his credit history is good then a single credit search will almost certainly make no difference to the application.
As in, they don’t have some sort of bizarre approval ritual for instance. There are some finance companies that people swear off of for whatever reason.0 -
MentalMinnie wrote: »As in, they don!!!8217;t have some sort of bizarre approval ritual for instance. There are some finance companies that people swear off of for whatever reason.
They are normal lender just like the high street banks.
The finance might be provided by someone else and they use the Hitachi name.0 -
Have you tried the eligibilty checker to give you an idea of whether you'll be accepted. (it's not guaranteed) Rather than looking at the best rate, you may be better to look at the best likelihood of being accepted.
https://www.moneysavingexpert.com/eligibility/loans-calculator/I’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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