co-op career development loan

nikki2009_2

does anyone have any info on this loan, its different to a personal loan.

thanks

theartfullodger

Well, someone could look here and see what it says...


http://www.co-operativebank.co.uk/servlet/Satellite/1193206376155,CFSweb/Page/Bank-Loans

(At the risk of being flamed, found it with something called "Google"...)

Cheers & best wishes with your course (what is it btw??)

Lodger

nikki2009_2

well why didnt I think to look there.....I was looking for advice from anyone whos taken this type of loan theres not much on the website

robin_banks

Because it's a really bad idea to borrow money against the future earnings of a job you haven't got ?

nikki2009_2

robin_banks wrote: »

Because it's a really bad idea to borrow money against the future earnings of a job you haven't got ?

thats not what I was asking... any useful info???

robin_banks

You borrow money to pay for a course, that has to be paid back on completion of the course not when you can afford to pay it back.

It's a bad idea.

smegs1978

I took out a career developement loan about 14 years ago through Barclays bank, and i wish i hadn't as like others have said it is paid back when you complete the loan not when you get a job.

I took out £1500 i think and was due to pay £250 a month when i finished the course, obviously at the time i assumed i would be working, but sadly no job so i couldn't keep up the repayments, this in turn !!!!!!ed up my credit score and it is still !!!!!!ed now.

Unless you are certain you will be able to pay it back at the end of your course then i would stay clear.

Hope that helps a little.