Need a loan of £10000. Possible?

COMB
COMB Posts: 36 Forumite
in Loans
Im 20 years old. Ive had a loan with littlewoods for 2 months and made the minimum payments each month. Ive had a credit card with capital one for 3 months and made payments each month.

I was unemployed until a few days ago and Ive found work at £17.43 an hour, working nights.

I can make £5000 in 10 weeks working overtime.

In 10 weeks time, will I be able to get a loan of £10000 ?
If not, how long do I need to work before I can get a loan?

Thanks
And if you're wondering what COMB stands for...CITY ON MY BACK
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Comments

  • pvt
    pvt Posts: 1,433 Forumite
    COMB wrote: »

    20 years old

    - loan ... for 2 months

    - made the minimum payments

    - credit card with capital one for 3 months

    - £17.43 an hour

    - working overtime.

    will I be able to get a loan of £10000 ?

    No.
    COMB wrote: »
    If not, how long do I need to work before I can get a loan?

    When you've been earning £35k - 40k per annum for a year or two, with a secure and stable job, no other significant debts, and built up a decent credit history.

    This loan wouldn't by any chance be for cosmetic surgery to improve your nightime earning prospects would it?
    Optimists see a glass half full :)
    Pessimists see a glass half empty :(
    Engineers just see a glass twice the size it needed to be :D
  • COMB
    COMB Posts: 36 Forumite
    pvt wrote: »
    No.



    When you've been earning £35k - 40k per annum for a year or two, with a secure and stable job, no other significant debts, and built up a decent credit history.

    This loan wouldn't by any chance be for cosmetic surgery to improve your nightime earning prospects would it?

    Wow how rude. Anyway, thanks for the little advice you gave and ill be happy to prove you wrong in xx number of weeks.
    And if you're wondering what COMB stands for...CITY ON MY BACK
  • Apples2
    Apples2 Posts: 6,442 Forumite
    A Loan for TWO WHOLE Months
    A Credit card for THREE WHOLE Months
    A JOB for A FEW DAYS

    And wanting a £10k loan? Crikey....

    You've only made TWO Payments on your existing loan, what on Earth did you do with it that means you need another one (no doubt massivley larger) already?

    You seem like a future Payday Loan companies wet dream.
  • quantic
    quantic Posts: 1,024 Forumite
    First Anniversary Combo Breaker
    If you can make £5k in 10 weeks, why not wait 20 weeks and you wont need the loan :)
  • COMB
    COMB Posts: 36 Forumite
    Apples2 wrote: »
    A Loan for TWO WHOLE Months
    A Credit card for THREE WHOLE Months
    A JOB for A FEW DAYS

    And wanting a £10k loan? Crikey....

    You've only made TWO Payments on your existing loan, what on Earth did you do with it that means you need another one (no doubt massivley larger) already?

    You seem like a future Payday Loan companies wet dream.

    Why do you feel like you have to take ths !!!! and be extremely rude just because you're on the internet?

    Im 15stone and 6'3", im sure you wouldnt talk like that to me in real life, but whatever.

    Anyone want to offer some good advice without being so rude?
    And if you're wondering what COMB stands for...CITY ON MY BACK
  • COMB
    COMB Posts: 36 Forumite
    quantic wrote: »
    If you can make £5k in 10 weeks, why not wait 20 weeks and you wont need the loan :)

    Good idea, but my body cant take overtime and weekends on nights for 20 weeks. With a £10000 loan Im hoping I can instantly pay off £5000 and pay the rest over a span of 6 months
    And if you're wondering what COMB stands for...CITY ON MY BACK
  • DevCoder
    DevCoder Posts: 3,361 Forumite
    First Anniversary First Post Combo Breaker
    Sorry but you have absolutely no chance unless you visit people who break kneecaps if you dont pay up.
  • pvt
    pvt Posts: 1,433 Forumite
    COMB wrote: »
    my body cant take overtime and weekends on nights for 20 weeks.

    So by your own admission your stated earning potential is unsustainable....

    How did you plan to pay back the £10k loan, as well as the money you owe littlewoods and your credit card company?

    And sorry if you found my comments rude - it was meant to be humour. A lot of models show up here looking for loans for surgery to "improve their earnings potential".
    Optimists see a glass half full :)
    Pessimists see a glass half empty :(
    Engineers just see a glass twice the size it needed to be :D
  • BugsyBrowne
    BugsyBrowne Posts: 5,697 Forumite
    COMB wrote: »
    Good idea, but my body cant take overtime and weekends on nights for 20 weeks. With a £10000 loan Im hoping I can instantly pay off £5000 and pay the rest over a span of 6 months

    Another thread started by another dreamer when will they STOP!
  • Apples2
    Apples2 Posts: 6,442 Forumite
    edited 29 August 2012 at 12:13PM
    COMB wrote: »
    Im 15stone and 6'3", im sure you wouldnt talk like that to me in real life, but whatever.
    I guess you're not the bloke who wanted cash to have longer legs then?

    I would anyway, the best advice is often the most blunt advice. This is a crazy idea.

    A £10k loan is a HUGE commitment, how can you be sure your job (which you have been in for just a few days) is secure enough to guarantee your repayments for 5(?) years?

    If the loan is for medical (cosmetic) treatment, how will it affect your income both through treatment and recovery?

    You can take the advice as rude if you like, it doesn't matter, any lender you approach is going to decline you. That would probably make you feel worse. Save yourself the humiliation and forget this idea.

    .
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