I’m currently shopping for a loan. My initial intention was to go with Monzo until they changed the interest rate, and I knew of a slightly lower interest rate one with Hitatchi.
I applied with Hitatchi but when they ran the application it came back with a higher interest rate that advertised, and much higher than Monzo.
I have a good credit rating and a sound history. My ClearScore even suggests the only thing I need to do to improve my rating is get more credit. I have no recent changes, and I even had an existing loan with Hitatchi that I had paid back diligently, so was a bit miffed.
I was a bit frustrated as I’d now have a hard search on my credit file for a loan I wouldn’t accept. So now I’m weary of applying for other loans incase the same thing happens.
How do you shop around for a loan without running the risk of it coming back with an unacceptable rate and more hard searches?
Thanks for readin!