Admiral loan

BoGoF

AJRimmer wrote: »

I would stand my rating and history next to anyone of the same age.

What credit history do you actually have then? Your previous posts imply very little ("proud to haveno debt")

Pixie5740

AJRimmer wrote: »

What other suggestion would you like ?

and i think i understand representative APR ,you apply for a loan going by the low rate,then they hike the rate above the others in the hope you are desperate enough to take it.

in any other business it would seem like a scam,they should post a rate and refuse or accept,and so far i have never been refused a loan etc,so i guess my credit rating is more than fine.

I had a phone call from that loan i mentioned in OP after he saw the refusal,and he wanted to drop the rate, 3 times ? yet wouldnt go to the rate moneysupermarkets calculator was offering.
and to be frank,if he had i would still have refused it,trust goes both ways and i certainly wouldnt take anything admiral offered after this.

I would stand my rating and history next to anyone of the same age.

Nope, you still don't understand what representative APR means. Representative APR is defined in law by the regulator as being the rate which must be offered to at least 51% of successful applicants. Lenders don't know exactly what rate they will offer until they carry out a full application which includes a full credit check and affordability test amongst other things. No scam there you're just in Admiral's 49% of successful applicants.

You say that you have no debt and haven't for years. No credit history does not equal good credit history despite what Experian et al might have you believe, note that Experian et al don't lend money so how they rate you as a borrower is irrelevant. No credit history makes you an unknown quantity to lenders.

https://www.moneysavingexpert.com/loans/credit-rating-credit-score

https://www.moneysavingexpert.com/banking/interest-rates

Even Money Supermarket's website explains representative APR.

https://www.moneysupermarket.com/credit-cards/what-is-an-apr/

Sncjw

Can I just say also that moneysupermarket are not lending the money are they. So that won!!!8217;t show you the actual rate you get until you apply.

Also think about this when you apply for a credit card you don!!!8217;t see the limit your offered until after you complete the full application.