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  • FIRST POST
    • suiyat`
    • By suiyat` 16th Apr 18, 8:36 AM
    • 14Posts
    • 6Thanks
    suiyat`
    Rate Setter Loan - Apply Elsewhere?
    • #1
    • 16th Apr 18, 8:36 AM
    Rate Setter Loan - Apply Elsewhere? 16th Apr 18 at 8:36 AM
    Hi All

    I have this weekend been approved for a 15k loan from RateSetter, at a interest rate of 12% ish.

    I am looking to use the money to consolidate credit card debt as a lot of the interest free balance transfer rates are soon coming to a close, before they shoot up to around 25% APR.

    Question is, at 12%, this is pretty high, would it be worth applying eleswhere to see if I could get a more beneficial rate, or would this be pointless, and affect me receiving the loan from RateSetter if i cannot get finance elsewhere?

    For example, i apparently have a 50% chance of getting a loan from Hitachi finance.

    worth a punt?

    thanks for advice, suggestions etc.
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