imrank's review of Marks and Spencer Car Loan

“Avoid M&S at all costs if you're not an M&S customer. ...”

★☆☆☆☆

written by imrank on 24/12/2009

Avoid M&S at all costs if you're not an M&S customer. I applied for the car buying plan loan and was advised with my credit rating being excellent I should qualify for the typical APR 8.7% as most customers tend to get this rate. However, as I am not an M&S customer they quoted me a ridiculous 12.7 APR stating I was high risk as I am not an M&S customer and I don't shop with them either! My credit profile was excellent and now I have a footprint on my file as M&S have carried out a search. If I had known this information earlier I wouldn't have bothered wasting my time by applying. Do not fall into the same trap as myself if you're not an M&S customer.