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Comments
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I think i can be helpful.
At times a BT can be a bit of a gamble, to you take it this month or gamble and let it roll over to the next.
If the HSBC was my only offer, I would take the gamble and let it roll over based of what other people have.
On the flip side with the Natwest I would take it this month based on others.Let's Be Careful Out There0 -
But again, it's not helpful to anyone because what one person gets, what the "norm" is, what offers some banks give etc are completely irrelevant to what you get. You only need to look at the previous threads on this, different banks giving different offers to different people. You can't assume you will get an offer because someone else did, nor that you wouldn't get an offer because someone else did.
These topics are pointless because it doesn't help OP in any way. The bank aren't going to offer them something just because some anonymous person on a forum got one, nor could they expect to get repeat offers as all decisions are based on the lender's assessment of your file only.
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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There is a range they give, it would be foolish not to consider that range when deciding if or not to take an offer. The way to find out the range is polling others.
Let's Be Careful Out There0 -
But again, I can only reiterate this is irrelevant because what one person gets has literally zero bearing on whether someone else may or may not get as these decisions are based on the bank, the credit history etc.
It is waste of time to have to keep repeating this, a range doesn't matter, what others get doesn't matter as the offers on each card are unique to one person. Knowing that 3 people on the forum get X offer every month is useless information as it does not mean in any way, shape or form, that you will get that offer from the card. OP hasn't asked what people's credit history is like, what their debt is like, perhaps most importantly, what salaries people have.
If 5 people on here all say Barclays give 2 years 0%, 2.5-3.5% fee, based on your argument, OP applies as they think that range will cover them. Then they find out those 5 people all have perfect credit records and earn £100-250k a year and OP earns £10k and has 3 missed payments on file and gets zero offers. What did knowing the range do for them? The square root of naff all!
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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If 5 people on here all say Barclays give 2 years 0%, 2.5-3.5% fee,
based on your argument, OP applies as they think that range will cover
them. Then they find out those 5 people all have perfect credit records
and earn £100-250k a year and OP earns £10k and has 3 missed payments on
file and gets zero offers. What did knowing the range do for them? The
square root of naff all
The answer to that is more polling not none, when there is a wider sample of different incomes / credit history etc of people then the lowest range (none offered) to the highest range will be found.
Also a person might have been offered a BT from Natwest consistently for many months and that person might assume that will continue. If that person asked about BT, they will find out Natwest can skip months without an offer, so can factor in that in their decision.Let's Be Careful Out There0 -
With the greatest respect Nasqueron, several people have explained why this information is useful. What is not useful is belittling everyone who has said that it is useful. Of course everyone is entitled to an opinion, but not to the extent that you appear to be trying to silence the discussion.
From my perspective, I know what I have been offered, but I didn't know if it is good or bad in the current market conditions. Having transparency is of benefit to a lot of people.1 -
What offers you get and whether it is good or bad compared to other people doesn't mean anything. You can't ask the lender to give you a lower rate or longer period because some people on a forum got it. You can record the data all you like; you compare it all you like; it doesn't change the simple fact that what you get offered is based only on your income and your credit file and nothing will change that no matter how much data you compile.
As I said in my last reply, you asked for what offers people get.
You don't know their credit history.
You don't know their income.
Without that information you cannot do anything with the data you have compiled (not that you could anyway as above) as you cannot meaningfully compare your offers to others as every situation is different. If everyone on this thread earns £100k and has a perfect credit history and you earn £25k and have a less than impeccable file then the best offer you can get is good. Viewing it as bad because you get say 2% higher fee and 12 months shorter offer is the wrong way to look at it because the better offers are given to the people who need them the least.
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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The HSBC upped their offer in Sep by a few months, I thought they might based on what others were given.
Let's Be Careful Out There1
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