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  • FIRST POST
    • herman1rg
    • By herman1rg 9th Oct 16, 8:29 PM
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    herman1rg
    Searching
    • #1
    • 9th Oct 16, 8:29 PM
    Searching 9th Oct 16 at 8:29 PM
    Hello newbie here

    I have a question, I am in receipt of a Teacher's pension payment every month as a Widower of a Teacher.

    I want to use the approx £200/month to finance the repayments of a loan for £10,000, my credit rating is not the best any advice on the best companies?
Page 1
    • zx81
    • By zx81 9th Oct 16, 8:49 PM
    • 12,537 Posts
    • 12,699 Thanks
    zx81
    • #2
    • 9th Oct 16, 8:49 PM
    • #2
    • 9th Oct 16, 8:49 PM
    With that kind of income and a poor credit history, you won't be getting a 10k loan.

    Do you have any other income?

    Thanks
    • herman1rg
    • By herman1rg 9th Oct 16, 8:52 PM
    • 3 Posts
    • 0 Thanks
    herman1rg
    • #3
    • 9th Oct 16, 8:52 PM
    • #3
    • 9th Oct 16, 8:52 PM
    Of course, I have a full time job
    • DCFC79
    • By DCFC79 9th Oct 16, 8:58 PM
    • 29,559 Posts
    • 18,686 Thanks
    DCFC79
    • #4
    • 9th Oct 16, 8:58 PM
    • #4
    • 9th Oct 16, 8:58 PM
    Whats the apr of the loan ?

    Hard to give a list of companies for you to apply for as you might not even be able to get a loan.
    Je Suis Charlie
    • zx81
    • By zx81 9th Oct 16, 9:04 PM
    • 12,537 Posts
    • 12,699 Thanks
    zx81
    • #5
    • 9th Oct 16, 9:04 PM
    • #5
    • 9th Oct 16, 9:04 PM
    Of course, I have a full time job
    Originally posted by herman1rg
    Then the pension by itself is irrelevant. What is your income and why is your credit history poor?
    • herman1rg
    • By herman1rg 9th Oct 16, 9:11 PM
    • 3 Posts
    • 0 Thanks
    herman1rg
    • #6
    • 9th Oct 16, 9:11 PM
    • #6
    • 9th Oct 16, 9:11 PM
    Why is it irrelevant?
    • CLAPTON
    • By CLAPTON 9th Oct 16, 9:14 PM
    • 41,656 Posts
    • 30,685 Thanks
    CLAPTON
    • #7
    • 9th Oct 16, 9:14 PM
    • #7
    • 9th Oct 16, 9:14 PM
    Hello newbie here

    I have a question, I am in receipt of a Teacher's pension payment every month as a Widower of a Teacher.

    I want to use the approx £200/month to finance the repayments of a loan for £10,000, my credit rating is not the best any advice on the best companies?
    Originally posted by herman1rg
    no, no one will give you a loan on the basis of 200ppm pension

    however, you may get a loan based on your total income and your credit records
    • DCFC79
    • By DCFC79 9th Oct 16, 9:19 PM
    • 29,559 Posts
    • 18,686 Thanks
    DCFC79
    • #8
    • 9th Oct 16, 9:19 PM
    • #8
    • 9th Oct 16, 9:19 PM
    Whats exactly on your credit file ?
    Je Suis Charlie
    • zx81
    • By zx81 9th Oct 16, 9:28 PM
    • 12,537 Posts
    • 12,699 Thanks
    zx81
    • #9
    • 9th Oct 16, 9:28 PM
    • #9
    • 9th Oct 16, 9:28 PM
    Why is it irrelevant?
    Originally posted by herman1rg
    Because credit is determined by total income (and credit files) not by a sub set of income.
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