A friend had what she thought was loan via above at 12.7% interest. I advised her to check around and maybe 'swop' same for a cheaper loan product (typically almost 50% cheaper with Tesco or BOI). She contacted GE and they advised that what she had was a Hire Purchase type agreement and that she would need to apply for a loan- this was rejected by their underwriters without any reason! Is this normal?
Also GE don't state loan interest rate in advance of making the application so you could end up with a rate ranging from 7.9 to 16.5% on the same loan!
Also GE don't state loan interest rate in advance of making the application so you could end up with a rate ranging from 7.9 to 16.5% on the same loan!