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  • FIRST POST
    • nazd
    • By nazd 19th Oct 13, 4:26 PM
    • 11Posts
    • 2Thanks
    nazd
    Loan after bankruptcy
    • #1
    • 19th Oct 13, 4:26 PM
    Loan after bankruptcy 19th Oct 13 at 4:26 PM
    Hi, I was wandering if someone could help/advise etc. I need a loan to purchase a car. However I had to declare bankruptcy nearly 2 and a half years ago so I am disch gybed and trying to build my credit rating back up. Can you recommend a company etc for a loan that's not going to cost the earth?? Please help
Page 1
    • DCFC79
    • By DCFC79 19th Oct 13, 4:33 PM
    • 26,976 Posts
    • 17,130 Thanks
    DCFC79
    • #2
    • 19th Oct 13, 4:33 PM
    • #2
    • 19th Oct 13, 4:33 PM
    Hi, I was wandering if someone could help/advise etc. I need a loan to purchase a car. However I had to declare bankruptcy nearly 2 and a half years ago so I am disch gybed and trying to build my credit rating back up. Can you recommend a company etc for a loan that's not going to cost the earth?? Please help
    Originally posted by nazd
    A lender that costs the earth might be your only option.

    Have you checked out the bankruptcy board ?

    What is on your credit file ?

    Whatever you do dont go searching for bad credit loans or alike a sthat wont help.
    • jonesMUFCforever
    • By jonesMUFCforever 19th Oct 13, 6:14 PM
    • 22,761 Posts
    • 10,265 Thanks
    jonesMUFCforever
    • #3
    • 19th Oct 13, 6:14 PM
    • #3
    • 19th Oct 13, 6:14 PM
    Only one company comes to mind AMIGO - oh but they require a guarantor. Would be much simpler and cheaper if the guarantor got a loan in their name and gave you the money.

    Would I personally lend to you - would I 'eck.
    What goes around - comes around
    give lots and you will always receive lots
  • BugsyBrowne
    • #4
    • 19th Oct 13, 6:33 PM
    • #4
    • 19th Oct 13, 6:33 PM
    Hi, I was wandering if someone could help/advise etc. I need a loan to purchase a car. However I had to declare bankruptcy nearly 2 and a half years ago so I am disch gybed and trying to build my credit rating back up. Can you recommend a company etc for a loan that's not going to cost the earth?? Please help
    Originally posted by nazd
    I suppose after going BR I'm sure you'll most probably have a few quid in your pocket left over each month now but finding a company that's going to lend you any money is another thing..
    • droiderm
    • By droiderm 20th Oct 13, 8:54 AM
    • 703 Posts
    • 277 Thanks
    droiderm
    • #5
    • 20th Oct 13, 8:54 AM
    • #5
    • 20th Oct 13, 8:54 AM
    Hi, I was wandering if someone could help/advise etc. I need a loan to purchase a car. However I had to declare bankruptcy nearly 2 and a half years ago so I am disch gybed and trying to build my credit rating back up. Can you recommend a company etc for a loan that's not going to cost the earth?? Please help
    Originally posted by nazd
    Forgetting about asking who can give you a loan , ask yourself do you really need one. I would be very careful about getting out any kind of large amount of credit.

    How do you propose to pay for the loan?
    Can't you save for a few months and buy a really cheap car for the time being ?
    • alastairq
    • By alastairq 20th Oct 13, 10:14 AM
    • 4,981 Posts
    • 4,087 Thanks
    alastairq
    • #6
    • 20th Oct 13, 10:14 AM
    • #6
    • 20th Oct 13, 10:14 AM
    Ignore the self-righteous responses from the ignorati.

    The BAnkruptcy stays on your credit file [for what that's worth these days?]....for 6 years from date of BR.

    For conventional loan applications this might prove a hindrance.

    However, [thinking ahead for the moment] why not start up an account with a local Credit Union?

    Also, many car dealers are more interested in getting customers onto credit payments [rather than selling the car]...so a dealer might be worth investigating?
    No, I don't think all other drivers are idiots......but some are determined to change my mind.......
    • nazd
    • By nazd 31st Oct 13, 12:52 PM
    • 11 Posts
    • 2 Thanks
    nazd
    • #7
    • 31st Oct 13, 12:52 PM
    • #7
    • 31st Oct 13, 12:52 PM
    Aha thanks for the advice people
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