Interviews, jobs & sponsorship The forum where interviews, job offers and selection criteria can be discussed and exchanged.

Best Bank?

Old 6th Jan 2008, 18:16
  #1 (permalink)  
Thread Starter
 
Join Date: Oct 2007
Location: Here
Posts: 133
Best Bank?

Is there another bank other than HSBC that is good for loans? I just want to know the options...
isi3000 is offline  
Old 7th Jan 2008, 22:56
  #2 (permalink)  
 
Join Date: Jun 2006
Location: Im All Over The Shop
Age: 39
Posts: 19
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.
juststartin is offline  
Old 8th Jan 2008, 00:15
  #3 (permalink)  
 
Join Date: Oct 2007
Location: North America
Posts: 263
Is having no credit history good or bad?
MidgetBoy is offline  
Old 8th Jan 2008, 08:22
  #4 (permalink)  
 
Join Date: May 1999
Location: Runcorn,Cheshire,England
Posts: 32
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.
3Greens is offline  
Old 8th Jan 2008, 15:53
  #5 (permalink)  
 
Join Date: Jun 2006
Location: Im All Over The Shop
Age: 39
Posts: 19
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.
juststartin is offline  
Old 8th Jan 2008, 17:25
  #6 (permalink)  
Registered User **
 
Join Date: Nov 2007
Location: Tokyo, Japan
Posts: 149
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.
Nichibei Aviation is offline  
Old 8th Jan 2008, 20:43
  #7 (permalink)  
 
Join Date: Aug 2007
Location: Grrrr
Age: 13
Posts: 642
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
ReallyAnnoyed is offline  
Old 9th Jan 2008, 10:25
  #8 (permalink)  
SAA
 
Join Date: Dec 2007
Location: Notts
Age: 35
Posts: 38
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.
SAA is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.