Best Bank?
Join Date: Jun 2006
Location: Im All Over The Shop
Age: 43
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depends how much you are lookin for, what security you have and more importantly what you credit history is like.
Banks tightening up nowadays - everything is more difficult.
Banks tightening up nowadays - everything is more difficult.
Join Date: May 1999
Location: Runcorn,Cheshire,England
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Bad usually. i.e. they have no information on you so they assume the worse. Having said that though it's better than having a history of defaulted loans etc...
I used to go out with a girl who worked in credit assesement...if you want to improve your history take out a small loan and repay it a few weeks later in full. Best ensure there are no early repayment charges first though.
I used to go out with a girl who worked in credit assesement...if you want to improve your history take out a small loan and repay it a few weeks later in full. Best ensure there are no early repayment charges first though.
Join Date: Jun 2006
Location: Im All Over The Shop
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yes it is bad. havin no credit means its probably just as hard obtaining credit as it is for someone who has a bad credit record.
As said above, to improve one record it might be worth gettin a credit card - spendin a couple of quid on it, then clear the balance - again ensuring you wont be penilised.
Obviously paying it straight away means no interest.
As said above, to improve one record it might be worth gettin a credit card - spendin a couple of quid on it, then clear the balance - again ensuring you wont be penilised.
Obviously paying it straight away means no interest.
Registered User **
Join Date: Nov 2007
Location: Tokyo, Japan
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A bank doesn't only look at how well you paid your previous loans back.
It looks at the length of the terms as well, as that is directly proportional to its profitability.
A good customer for a bank is a customer that takes a long loan and pays it on time, everytime.
Try to look at foreign banks with offices in your country.
You may get a better deal.
It looks at the length of the terms as well, as that is directly proportional to its profitability.
A good customer for a bank is a customer that takes a long loan and pays it on time, everytime.
Try to look at foreign banks with offices in your country.
You may get a better deal.
Join Date: Aug 2007
Location: Grrrr
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Banks operate differently in different countries, though. The majority of visitors here seem to stem from the UK, so the advice on banks should probably be taken mainly by UK based guys. In my EU country it will make absolutely no sense to make an overdraft on a creditcard and pay it back to establish a "credit history". Here it makes a much greater impact to actually talk to the bank guy who is not just a suit buried in a set of rules. However, bankers are cautious people here as well. Good luck 
Join Date: Dec 2007
Location: Notts
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I was in the same boat with no credit history so couldnt get a loan. I got a credit card with the bank im with on one of those 9 month no interest deals. In the 9 months bought everything on it and just paid it right of again, with no charge. A few months later they contacted me and offered me the loan.
