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Feeling guilty now.
But whats done is done, I have a loan at 6.4% with alliance and leicester, interest is payed, 6 payments left at £164(£975 owing). My car caught alight before, and I used £500 to buy a BMW, sold it for £1000 , so £1000 cash in hand. The bike I want is for sale locally at £2400 (worth £3000 easy) so I just applied for an additional loan to make up the difference, plus some money as I threw out my gloves boots and Helmet.
After the application the interest came out at 20.9% apr. Which obviously is pants. I have the money to pay bike insurance outright which is £55 a month otherwise so I would be paying £165 + £55 = £220.
I got this loan at £239 over 1 year, and obviously a smaller repayable amount now. So £19 more than I would be paying for insurance plus loan, and with only 6months added on. By my reckonning I have done ok.
So I agree, and I was then told they will send the decision within 48 hours. I have a good credit rating but this makes me think it is rejected. Is thins likely to have been rejected or just the norm in 2008?
Cheers
Sam.
After the application the interest came out at 20.9% apr. Which obviously is pants. I have the money to pay bike insurance outright which is £55 a month otherwise so I would be paying £165 + £55 = £220.
I got this loan at £239 over 1 year, and obviously a smaller repayable amount now. So £19 more than I would be paying for insurance plus loan, and with only 6months added on. By my reckonning I have done ok.
So I agree, and I was then told they will send the decision within 48 hours. I have a good credit rating but this makes me think it is rejected. Is thins likely to have been rejected or just the norm in 2008?
Cheers
Sam.
April £10= member no 145 £1419/£300
May £10= member no 58 £1013/£310 (15th May)
May £10= member no 58 £1013/£310 (15th May)
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