This weekend was fun - will do a proper update when Rory is around to help me write it, as he was involved in all the bits that made it fun
( Read more... )
Best people to see is whoever you have been banking with a while - they atleast know of you and know you are a real person - even if you haven't borrowed much from them.
Interest rates of about 7% are good for someone in your position - anything over 12 and you are being ripped off.
Other places to try other than your own bank would be egg - hsbc are not too bad and abbey have been pretty good with me.
Credit ratings are a history of what you have done - where you have lived, what you have borrowed and how well you have paid it off.
In your state of starting a new job you should be able to get a loan - I'd aim for 2 or 3 years for repayment and try to keep the repayments small - anything over £150 a month can really pinch - only borrow what you really need (trust me on this - I learnt it the hard way)
you'll need the offer letter and preferably a copy of your contract and they should offer the loan on that basis (face to face appointment) some people say dressing as for a job interview is the thing when seeing a bank manager but I've usually just gone smart - casual.
Little things that you can control that will affect your credit rating: are you on the electoral role, do you have a credit card (even with a bad credit rating several companies will give you really high interest cards, always pay them off in full each month but they will build you a good credit rating) having the loan will also increase your rating if you pay it back well over time.
Do be careful - just having a good rating doesn't mean you should borrow money - but its nice to have the scope there when emergencies happen
Interest rates of about 7% are good for someone in your position - anything over 12 and you are being ripped off.
Other places to try other than your own bank would be egg - hsbc are not too bad and abbey have been pretty good with me.
Credit ratings are a history of what you have done - where you have lived, what you have borrowed and how well you have paid it off.
In your state of starting a new job you should be able to get a loan - I'd aim for 2 or 3 years for repayment and try to keep the repayments small - anything over £150 a month can really pinch - only borrow what you really need (trust me on this - I learnt it the hard way)
you'll need the offer letter and preferably a copy of your contract and they should offer the loan on that basis (face to face appointment) some people say dressing as for a job interview is the thing when seeing a bank manager but I've usually just gone smart - casual.
Little things that you can control that will affect your credit rating: are you on the electoral role, do you have a credit card (even with a bad credit rating several companies will give you really high interest cards, always pay them off in full each month but they will build you a good credit rating) having the loan will also increase your rating if you pay it back well over time.
Do be careful - just having a good rating doesn't mean you should borrow money - but its nice to have the scope there when emergencies happen
Reply
Leave a comment