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Can't get the advertised rate - Tesco bank/sainsburys

Musing101 · 2019-09-14 17:53:35

Both of these have great 2.9% rates advertised for loans up to £25,000 I have tried applying and I am accepted but always at higher rates of 5% or more How can I actually secure the lower advertised rate?? I have checked my credit score on Experian and it is 999 Why would I be refused the best rate? full-time employed,…

Comments

foxy-stoat Posts: 6,879 Forumite

18 September 2019 at 3:33PM

enthusiasticsaver wrote: »

I am not quite sure how many times it needs to be said that the credit score you see on credit referencing agencies should not be taken on its own when considering why or why not people are given loans/credit cards at favourable rates.

Probably the same amount of times we have to tell people that the headline 2% rates are not offered to everyone with a perfect credit file.

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