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Why wont banks give me a loan? - good credit history

2»

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  • ~Brock~
    ~Brock~ Posts: 1,715 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I've never heard of telescopic rates, but I bet they looked good from a distance.........:rotfl:
  • ILW
    ILW Posts: 18,333 Forumite
    ~Brock~ wrote: »
    I've never heard of telescopic rates, but I bet they looked good from a distance.........:rotfl:
    They probably meant stratospheric.
  • Rafter
    Rafter Posts: 3,850 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Chris,

    How much do you earn and doing what? How long have you been with current employer? What are your regular outgoings etc?

    It may be that they just don't think you can afford that much debt - particularly as the loan company has no guarantee that you will repay your current debt and not run up overdraft or credit cards again.

    You might just be better off budgeting better - even open a second basic bank account and use that to ensure you make regular payments on your debts and know how much you have left each month.

    If you want debt advice try the debt free wannabe board.

    Good luck

    R.
    Smile :), it makes people wonder what you have been up to.
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