Need £1000 Loan - Non-Home-Owner

Legacy_user

Hi there,

I need a loan for £1000 obviously with the lowest possible Interest rate - payable say over 2 years or 24-30 months.

I have a 'bad' credit rating (2 defaults no CCj's) which has affected me getting Credit in the past. (can't have a switch card, on Solo ).

I'm only 24 and do not have my own home. I have a regualr income £14k a year.

From experience, do people on here think this would be possible and what companies would be willing to accept me?

Cheers

roadrash

Hi,
I too am 24, though I earn £29,000, I also a 2 defaults..not that I remember them..but thats by the by..on my report it says I do have them!

I have been accept for loans in the past with Egg, Northern Rock and HSBC.

I would try Egg first, they are very accomodating and you cn pay the loan off early, take paymnet breaks etc.
https://www.egg.com

Cheers

System

Thanks for the infor roadrash I'll give Egg a go

On 29k at 24 eh?

Just out of interest, how do these loan companies check your income? Do they check with your bank? Or Employer?

System

In a similar vein I am a 25 yr old non-home-owner in search of a loan. I earn 17.5k and need to borrow about 4k to consolidate my current debts (I am paying extortionate rates of interest on my credit/store cards)and put down a deposit on a flat (to rent). My credit rating is not brilliant - I was recently turned down by the Halifax for their 0% APR credit card and also by Capital One, but my boyfriend (who is a property owner) has kindly offered to act as guarantor in my next application. Does anyone have any good advice on who I could go to or if this is even viable? Would I be better getting a loan or a low-rate credit card? If push came to shove I would just borrow 1k for the deposit and make do with my other debts - but I HAVE to move out of the family home!!

FieryBlondeScot

try Virgin (6.5%) i NEVER get accepted for anything.... credit cards, loans etc but they gave me a loan a few months back . interestingly i applied for the virgin credit card same day and got refused ! >:(

roadrash

Any luck with Egg SuperNova??