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MSE Loan Eligibility Calculator

Hello all,

I was looking to consolidate my debts and had a look on the loan calculator today. I did a few apps (too many it seemed) around September time I think, and MSE advise my credit score went down to "fair".

It is now breaking back into the "Good" area. It does still tell me that I have made a lot of apps in recent times.

How much longer should I probably wait before trying to get a loan due to this? Because it says 0-10% at the moment on the ones I would like.

Comments

  • foxy-stoat
    foxy-stoat Posts: 6,879 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    I would do other things to reduce your debt than taking out more credit.

    Down value the car, transfer to 0% or low interest balance transfer cards, sell stuff, budget better, change lifestyle.

    You dont really have a credit score or rating with MSE - its your credit history that matters, balances, payments etc.
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