Hitachi Finance

Jordan777

Jordan777

Jordan777

Associate
Joined
13 Jul 2011
Posts
288
Location
Cheshire
Hi Guys

Just need some advice

Looking to but a new system this week (£1000) looking to buy half of it with my own cash and the other half on finance.Tryed last night and got declined for what ever reason.2 Questions i want to ask

1.Is it worth me trying again and make sure all my details are correct.

2. My Parents agreed to take it in there name but would this mean i would have to create them a account to have everything in there name or can i use my details for OC then when it directs you to the Finance page use my parents details ?

Cheers
 
Your parents can probably find better finance than Hitachi. Especially if you don't plan on paying it off before interest accrues.
 
SuperBOB said:
Your parents can probably find better finance than Hitachi. Especially if you don't plan on paying it off before interest accrues.
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This. Look at the repayment amount, then don't use it and buy another SSD/GPU

Credit card or overdraft would probably work out cheaper
 
Sorry guys, never made my self clear going to pay it off before the interest starts :)

I dont own any debt but i have a credit card with a small credit limit on it plus no overdraft. (my choice) etc But as i have all ready been declined i was looking at doing my parents name but just need to clear the above really regarding paying the deposit in my name then wants it directed me to the finance page i can use my parents details for the remaining £500
 
Jordan777 said:
Hi Guys

Just need some advice

Looking to but a new system this week (£1000) looking to buy half of it with my own cash and the other half on finance.Tryed last night and got declined for what ever reason.2 Questions i want to ask

1.Is it worth me trying again and make sure all my details are correct.

2. My Parents agreed to take it in there name but would this mean i would have to create them a account to have everything in there name or can i use my details for OC then when it directs you to the Finance page use my parents details ?

Cheers
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there are a number of reasons for refusal but you can get the shop to call the finance company to double check the application and sometimes they override/underwrite a decision. worth doing this before your parents apply in their name

mains one can be whether you are on the electoral role, have no credit history or have lots of exsiting debt, have defaults / late payments etc on your file. do you have any other credit cards that you have used much, loans etc?

you can go onto experian (www.creditexpert.co.uk) or equifax (www.equifax.co.uk) and register to see your file with free tials. well worth doing this imo and i think you can view your file immediately.
 
well allmost 5 years now i had a credit card and lost my job etc was unable to pay it for around 5 months. i cleared the balance and had nothing since apart from my credit card now with a small limit of £200 (owe nothing on it) i have checked my report and its showing my credit is good.
 
mrk1@1 said:
there are a number of reasons for refusal but you can get the shop to call the finance company to double check the application and sometimes they override/underwrite a decision. worth doing this before your parents apply in their name

mains one can be whether you are on the electoral role, have no credit history or have lots of exsiting debt, have defaults / late payments etc on your file. do you have any other credit cards that you have used much, loans etc?

you can go onto experian (www.creditexpert.co.uk) or equifax (www.equifax.co.uk) and register to see your file with free tials. well worth doing this imo and i think you can view your file immediately.
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If you follow this advice first register for topcashback or quidco, and use the referral from there to sign up. ;)
 
SuperBOB said:
If you follow this advice first register for topcashback or quidco, and use the referral from there to sign up. ;)
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Jordan777 said:
ok and how does this work ?
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use topcashback as they don't charge membership fees, just pop onto topcashback.co.uk, search for experian or equifax, sign up and follow the instructions.

you can indeed get money for nothing, just remember to cancel the free trial with the credit agency so you don't end up paying.


Jordan777 said:
well allmost 5 years now i had a credit card and lost my job etc was unable to pay it for around 5 months. i cleared the balance and had nothing since apart from my credit card now with a small limit of £200 (owe nothing on it) i have checked my report and its showing my credit is good.
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have you checked your file or score or both.

i suspect the lack of credit and available credit (current limit of £200) is your downfall here.

however if you have no defaults showing on file now etc Hitachi may be able to underwrite the decision at OcUKs request and if they decide you are not a high risk.

your other alternative is to ask your credit card company to increase your limit and purchase on that.

they are very likely to do this imo esp if only to £700-£1200 etc
 
Will i am with Experian at the moment and showing that i have a "good" credit. My worry is that if i apply for it again its going to cause me problems in 12 months when i look to get a morage, Hence me keeping my debt to a min at the moment.

I am only looking to finance £500 and i have a 20k year + Job. don’t make sense if you ask me. The stupid thing is i have the money but its tied up elsewhere i am unable to get it out. ( Bank Accounts T&C crap)
 
Jordan777 said:
Will i am with experian at the moment and showing that i have a "good" credit.my worry is that if i apply for it again its going to cause me problems in 12 months when i look to get a morage, Hence me keeping my debt to a min at the moment.

I am only looking to finance £500 and i have a 20k year + Job. dont make sense if you ask me.The stupiding thing is i have the money but its tied up else where i am unable to get it out. ( Bank Accounts T&C crap)
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makes perfect sense, to a lender you are a high risk as you have very little credit history for them to assess you with and if they can look back far enough will have some payment defaults.

phone up the shop, i am sure you could get this underwritten with hitachi under your current circumstances.
 
Yea makes perfect sense really i gess. I will give overclockers a call today and see if they can help me. How does "underwritten" work then ?

soz and the dumbo question
 
one of these accounts i cant take money out of it because i lose the interest and has to be sighed for. not by me lol you get my drift ! i will call overclockers later ask them if they can underwrite it for me. just need to know how this works
 
Jordan777 said:
one of these accounts i cant take money out of it because i lose the interest and has to be sighed for. not by me lol you get my drift ! i will call overclockers later ask them if they can underwrite it for me. just need to know how this works
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OcUk won't underwrite but they can call hitachi finance underwriters who will look at your application and credit history in much more detail and make a human judgement assuming it was a case of "computer says no" refusal.
 
very true , but now i have be declined for this i mite not be able to change my credit card.

Going to pay the deposit again on my card then see if i can put the finance if my parents name
 
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