Brits urged to check lending criteria before applying for loan
www.moneynews.co.uk > Loans > Brits urged to check lending criteria before applying for loan
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Money News |
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Brits urged to check lending criteria before applying for loan
Mon 8th Jun 2009
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According to MoneySupermarket.com, firms such as the Royal Bank of Scotland, MBNA and Barclaycard are transparent about their lending criteria and those considering borrowing should take advantage of this by checking it out.
An example is that in order to be accepted for the Barclays Platinum Credit Card, an individual must have a good credit rating, history of making payments on time, no court judgments and should never have filed for bankruptcy.
Credit card expert at MoneySupermarket.com Peter Harrison said: "Those that are too reckless in their applications may find their credit records fouled with a litany of failed attempts to secure credit."
As well as the platinum account, Barclaycard also offers the Barclaycard Simplicity Credit Card, Barclaycard Goldfish Credit Card and the Barclaycard Gold Credit Card.
Click here for more loans news
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