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Scottish Trust Deed Forum
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Topic starter
23/05/2016 8:12 pm
Hi,
Has anyone who has completed a TD managed to get a loan with a reasonable interest rate? I have been finished for a year odd, I have 2 credit cards, both have continually increased limit so now at 3000 and 1800 or something (with zero balances). I've also bought a car from Arnold Clark on finance and have taken out phone contracts etc.
I thought I would try to get a loan to pay off my wife's DAS thing so we can both move on from the old debts. As expected, I get declined for the loans.
Has anyone managed to get a loan after a TD and roughly how much time had passed before you were accepted?
Thanks
steve
23/05/2016 11:01 pm
Hi Steve
I would imagine that the credit you have with the credit cards(whether used or not) and the car finance/loan will be affecting the amount of credit you may have available to you. Each lender has their own criteria.
23/05/2016 11:55 pm
Hi Steve
Are you trying to get a normal bank loan or a secured loan?
It might make a difference.
