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loan with no employment

zathrus
zathrus Posts: 1 Newbie
in Loans
Hi, I'm looking for a cheap loan, (£3000), am retired due to ill health and a home owner. It seems that all lenders demand that you are in employment or other lenders ask for extremely high repayments; is there an answer?

Comments

  • pursestring
    pursestring Posts: 64 Forumite
    Since you are not working I don't think you'll be able to get a cheap unsecured loan. And borrowing with the loan secured against your home is probably not be advisable because your home is at risk if you miss payments.

    Have you thought about applying for a 0% credit card? Have a look at Martin's articles on this topic and also the Credit Cards discussion board.
    Mark Hughes' blue and white army
  • System
    System Posts: 178,460 Community Admin
    10,000 Posts Photogenic Name Dropper
    Hi

    Try Egg or cahoot. Flexible: maybe 8% or thereabouts.

    Don't try securing loan on your home - not good news.

    Or try a 0% credit card. Egg, MBNA, marbles, all offering 0%.

    HTH

    M
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
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