We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Why do I have 0% eligibility for a loan/ balance transfer?

k4tz3nj4mm3r · 2020-11-19 08:13:16

The eligibility calculator gives me 0% likely eligibility for all loans and balance tranfers (except the ultra high interest ones). I have a 20k full-time salary, £440 rent in a house I've lived in for 8 years and I'm single with 0 dependants, so a 5k-7.5k loan would be very affordable to me. Although This would be to pay…

Comments

phillw Posts: 5,692 Forumite

23 November 2020 at 10:58AM

k4tz3nj4mm3r said:

The eligibility calculator gives me 0% likely eligibility for all loans and balance tranfers (except the ultra high interest ones).

Maybe they wonder why you haven't just paid off your credit card and overdraft if you can easily afford to repay the loan you want to take out.

3