Hi, I need to get a consolidation loan for £10,000. The debt has been run up from my business going bust least year. I'm desperately trying to get on top of things. I now have a job that pays 19,000 so not completely crap but I'm struggling to get on top of the debt, I can't see an end in sight.
I signed up for experians 30 day free trial on Friday. It initially had my credit rating at 690 (poor). It has a section where you can look at loans that based on yourcredit score and info they can match you to certain companies and products.
They matched me to a marks and spencers loan. I applied and was told I'd here back in 24 hours. I got an email on Sat to say it had gone to the underwriters and I'd here back in 3-5 working days.
I relogged on to my credit file on Monday and I've now gone from poor to fair in 2 days but I have no idea if this will then show when the underwriters look at my application??
If it's rejected, where can I go from here? Is it worth speaking to one of these money companies that claim to help you find the best loan for you? Who can I trust??
Thank you for any help and advice you can give me x