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Name: Slave to debt

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This is about the Barclay Card Personal Loans- BEWARE OF THE BS

ZERO STARS.....I receive mail that states that I am pre-qualified to receive a personal loan for up to $35, 000 of debt consolidation. I do some research and decide to go for it. First I go through their "see your possible rate" tool and I'm thinking this is great I fit their requirements! So I decide to submit an application....I get a phone call from a rep (I assume an underwriter) and she asks a few simple questions and I answer honestly (still thinking based on their criteria I qualify) sheets me on a brief hold and then advises that $5,000 is all they can offer me? I said...you know I need $32, 000 to pay off all the debt (to which she had confirmed the amount of my outstanding debt by pulling my credit report....I'm never late and always pay on time) she says yes i see that....I said so how is that helping? The interest rate that you offered on the "loan" is higher then some of my credit cards apr!!! How in the world is that helping me get out of debt by offering me a $5000 loan for 5 years at 18.99% apr??? So I declined the loan! But what makes me uncomfortable is because of this BAIT AND SWITCH that was pulled now my credit score gets a hard hit and goes down even further....all because I wanted to get out of debt.....Slave to cc debt Reviewed on: 5th October 2017