Hi everyone - I posted this on the loan forum but no replies yet...
Im currently trying to consolidate my credit cards into a three year loan for £10,000. Ive been quoted 11.4% by Nationwide soft search and have a few questions. How likely am I to get the 11.4% the soft search suggests, and is this an OK rate? I do have another loan with them that is half way through the term, do all my banking with them.
If I decided to apply for a different loan today and was refused would this affect the chances of the Nationwide one being accepted?
I am not sure what to do - I am tempted to apply for this but was hoping for a slightly better rate.
Since posting Ive read that it might be a good idea to ask the CC company for a lower APR for the life of the balance (currently 19% on £6.5 k and one due to be 24% on £3.5 once the 0% runs out?)
Im married, earn £28k, home owner, excellent repayment history. 2 CC's (one 6.5k, the other3.5k). My OH earns a more than me (40k approx) but is a temporary worker so I will be applying in my sole name. We can afford to pay £3-400 comfortably per month.
Any advice please? Im paying £200 per month at the minute but the interest is why I am trying to sort things out, thanks
Im currently trying to consolidate my credit cards into a three year loan for £10,000. Ive been quoted 11.4% by Nationwide soft search and have a few questions. How likely am I to get the 11.4% the soft search suggests, and is this an OK rate? I do have another loan with them that is half way through the term, do all my banking with them.
If I decided to apply for a different loan today and was refused would this affect the chances of the Nationwide one being accepted?
I am not sure what to do - I am tempted to apply for this but was hoping for a slightly better rate.
Since posting Ive read that it might be a good idea to ask the CC company for a lower APR for the life of the balance (currently 19% on £6.5 k and one due to be 24% on £3.5 once the 0% runs out?)
Im married, earn £28k, home owner, excellent repayment history. 2 CC's (one 6.5k, the other3.5k). My OH earns a more than me (40k approx) but is a temporary worker so I will be applying in my sole name. We can afford to pay £3-400 comfortably per month.
Any advice please? Im paying £200 per month at the minute but the interest is why I am trying to sort things out, thanks