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    has anyone taken loan from littlewoods?

    as topic, I need loan to finance my new car, has anyone taken loan from littlewoods or very? I know that there are better places to look for but I may not have the best credit score so probably will be rejected by most banks.

    34 Comments

    Supermod

    Check your credit online with Experian or Equifax for free. Just remember to cancel. Also, when you join up you can get £4 cashback.

    Banned

    magicjay1986;7371295

    Check your credit online with Experian or Equifax. Also, when you join up … Check your credit online with Experian or Equifax. Also, when you join up you can get £4 cashback.



    I might do this, thanks MJ.

    Hope you have a fabulous 2010 x x

    Banned

    What's the interest rate?

    Original Poster

    DLM;7371327

    What's the interest rate?



    from 19%-39% probably depends what credit score you have

    Supermod

    DLM;7371317

    I might do this, thanks MJ.Hope you have a fabulous 2010 x x



    You also x

    Banned

    magicjay1986;7371350

    You also x



    The cashback seems to £5 now :thumbsup:

    Banned

    Dreraf;7371336

    from 19%-39% probably depends what credit score you have



    that will be 39% to most who need to use them as a service, even 9% for a car loan is hugely high.

    Original Poster

    magicjay1986;7371295

    Check your credit online with Experian or Equifax for free. Just remember … Check your credit online with Experian or Equifax for free. Just remember to cancel. Also, when you join up you can get £4 cashback.



    how can I cancel before end of free trial? do I need to phone them?

    Supermod

    Dreraf;7371375

    how can I cancel before end of free trial? do I need to phone them?



    You do, yes. ...but for the price of your cashback it will not cost you anything. I am not sure if you can email them though.

    Banned

    magicjay1986;7371389

    You do, yes. ...but for the price of your cashback it will not cost you … You do, yes. ...but for the price of your cashback it will not cost you anything. I am not sure if you can email them though.



    They don't seem to accept Maestro :?

    Have you tried getting finance from the place you are buying the car? Usually put the car as the debt (rather than you) so you will suprised who can actually get a car loan! The rate may even be a lot less than a catalogue loan.

    Original Poster

    norfolk_enchance;7371738

    Have you tried getting finance from the place you are buying the car? … Have you tried getting finance from the place you are buying the car? Usually put the car as the debt (rather than you) so you will suprised who can actually get a car loan! The rate may even be a lot less than a catalogue loan.



    Was going to buy from private person as it's a lot cheaper than dealer but will give it a try maybe it's worth spending more on car and save on apr

    If you cant afford a new car why are you buying one?

    Unless your old car is completely knackered?

    Original Poster

    ses6jwg;7371985

    If you cant afford a new car why are you buying one?Unless your old car … If you cant afford a new car why are you buying one?Unless your old car is completely knackered?



    for the same reason people take mortgages to buy house, can you afford to pay £10-15k in cash?

    Banned

    Has your 'a' key stopped working?

    has anyone taken a loan from littlewoods?

    as topic, I need a loan to finance my new car, has anyone taken a loan from littlewoods or very? :-D

    Dreraf;7372367

    for the same reason people take mortgages to buy house, can you afford to … for the same reason people take mortgages to buy house, can you afford to pay £10-15k in cash?



    but houses are normally long term, unlike a car. what about those large car dealerships like motorpoint or available car credit. yes i know there cars may be abit more expensive, but could work out a cheaper % so therefore cheaper in the longterm.

    Why do you need to buy a 10-15k car? :?

    A house is an investment that (usually) over time gains in value.

    A car is a wasting asset that loses value every year through depreciation, and if its a brand new it loses 17.5% as soon as you drive it out of the showroom.

    No offence but surely the fact you have a bad credit rating is a sign that you might need to prioritise your finances.

    Why not budget 5k, which will get you perfectly good car, then get some savings and assets under your belt?

    Rather than burdening yourself with a loan at a ridiculous rate of interest.

    39% interest? Might as well draw all your money out of the bank and set fire to it.

    ses6jwg;7376328

    Why do you need to buy a 10-15k car? :?A house is an investment that … Why do you need to buy a 10-15k car? :?A house is an investment that (usually) over time gains in value.A car is a wasting asset that loses value every year through depreciation, and if its a brand new it loses 17.5% as soon as you drive it out of the showroom.No offence but surely the fact you have a bad credit rating is a sign that you might need to prioritise your finances.Why not budget 5k, which will get you perfectly good car, then get some savings and assets under your belt?Rather than burdening yourself with a loan at a ridiculous rate of interest.39% interest? Might as well draw all your money out of the bank and set fire to it.




    I totally agree with this btw. I drive a small second hand car............a Daewoo Matiz - but would sooooooooooo love a fancy modern car - but no way am I getting into debt for a car! I saved up and bought that wee car cash.

    Also I am sorry to the OP as some may see my comment as harsh but it would irresponsible to advise you to go forward with this loan, you are setting yourself up with DEBT.

    Part of the reason this country is in such a state is because too many people took on too much DEBT to pay for STUFF.

    I know sometimes it is not nice to see other people driving around in fancy cars and not knowing how they afford it but let me let you in on a little secret debt is not wealth and it is never good to lumber yourself with it unneccesarily.

    I would concentrate on savings and getting my credit rating back on track.

    By all means if you NEED a new car then who am I or anyone to stop you but just take a moment to think to yourself do I really need to put myself into significant debt for this?

    bossyboots;7376390

    I totally agree with this btw. I drive a small second hand … I totally agree with this btw. I drive a small second hand car............a Daewoo Matiz - but would sooooooooooo love a fancy modern car - but no way am I getting into debt for a car! I saved up and bought that wee car cash.



    You will be the one who laughs last.


    Personally I drive a 5 year old diesel Skoda (OK its a VRS but its still a Skoda Fabia!)

    I would love a Golf TDI and could go and buy one tomorrow in cash but whats the pooint the Fabia is reliable and economical its pointless trying to keep up with the joneses because youll end up in the poor house with them.

    I remember reading Duncan Bannatynes book and to him the best car was the "reliable banger"

    the well looked after older car, costs less than 1500 quid service it yourself etc and run it into the ground whilst building up your capital backing with what you would have spent on a newer car

    Original Poster

    ses6jwg;7376720

    I remember reading Duncan Bannatynes book and to him the best car was the … I remember reading Duncan Bannatynes book and to him the best car was the "reliable banger"the well looked after older car, costs less than 1500 quid service it yourself etc and run it into the ground whilst building up your capital backing with what you would have spent on a newer car



    I already drive a 5k car but because my family gets bigger I need a proper suv and because I am bmw fan there could be only one car for me - bmw x5 and 15k for that car is minimum as new cost 40k
    I am travelling a lot so banger will not be the case...

    Well, it's your life after all, I suppose you only get one. Good luck with your 39% loan, we did try to help.

    Sounds like you want to have a champagne diet on a beer budget.

    Dreraf;7376831

    I already drive a 5k car but because my family gets bigger I need a … I already drive a 5k car but because my family gets bigger I need a proper suv and because I am bmw fan there could be only one car for me - bmw x5 and 15k for that car is minimum as new cost 40kI am travelling a lot so banger will not be the case...



    wow oh wow:roll:

    Original Poster

    ses6jwg;7376873

    Well, it's your life after all, I suppose you only get one. Good luck … Well, it's your life after all, I suppose you only get one. Good luck with your 39% loan, we did try to help.



    I didn't say I will take the loan with 39% apr, I was just asking if someone took loan from them and what apr was offered, I probably will repair my credit score before taking any loan to get better apr

    Banned

    Dreraf;7376831

    I already drive a 5k car but because my family gets bigger I need a … I already drive a 5k car but because my family gets bigger I need a proper suv and because I am bmw fan there could be only one car for me - bmw x5 and 15k for that car is minimum as new cost 40kI am travelling a lot so banger will not be the case...



    lol enjoy your debt son.

    Dreraf;7376930

    I didn't say I will take the loan with 39% apr, I was just asking if … I didn't say I will take the loan with 39% apr, I was just asking if someone took loan from them and what apr was offered, I probably will repair my credit score before taking any loan to get better apr



    Unfortunately, most people would be lucky to get a competitive rate from a bank in todays climate, let alone a loan provided by a retail outlet (which are notoriously uncompetitive).

    We are probably in the worst economic climate to be taking on debt in over 20 years.

    Original Poster

    tinkerbell28;7377036

    This hence why hubby got a crappy megane for the "work" run:w00t: … This hence why hubby got a crappy megane for the "work" run:w00t: seriously though EVERYONE is doing it, look at anyone genuinely earning a whack, it's all going into savings not bloody cars, trust me op!!!!!!



    I am not buying car for work, would probably buy some cheap banger if I does but I need car for long distances, I really don't see how could I cover 2000 miles one way in megane.. :thinking:

    anyone else want to spam this

    Banned

    why not go direct to halifax as its them who are providing the loan
    you might get a better rate

    Original Poster

    colinsunderland;7377515

    why not go direct to halifax as its them who are providing the loanyou … why not go direct to halifax as its them who are providing the loanyou might get a better rate



    will make some research to get best apr possible, just wanted to get opinions from people who took loan from them...not really to get suggestions what car should I buy..but thanks:thumbsup:

    A fool and his money.....

    Banned

    I often wonder how people get themselves in so much finanical difficulty. The OP has opened my eyes a little.

    Have to agree with goonieman above. No-one needs a BMW Sports Utility Vehicle! If you cant afford it.................................

    I can foresee another thread moaning about the high cost of insurance, servicing etc............

    Dreraf;7377440

    I am not buying car for work, would probably buy some cheap banger if I … I am not buying car for work, would probably buy some cheap banger if I does but I need car for long distances, I really don't see how could I cover 2000 miles one way in megane.. :thinking:



    Sorry but thats a completely spurious comment.

    All the Taxi drivers around here drive old Passats etc, and they keep going for hundreds of thousands of miles. And they're comfy, certainly comfier than a BMW X5 with its rock-hard ride.

    A BMW X5 is going to be extremely expensive to maintain especially over long distances.

    They do about 30mpg and that's on a run (I am assuming you are getting the diesel!, if not the petrol will do about 18mpg) and each tyre costs about £250. They are also about £400 a year to tax. By the time you take on servicing etc you are probably looking at an annual cost to maintain and run of £3000+

    I know this because my Dad has a similar car, a Mitsubishi Shogun 3.2 Diesel. Financially it was a terrible decision, however he paid for it in cash.
    Anyway good luck with it but you will regret it when you get to 55/60 and realise you have no assets to live off...
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