Can anyone recommend a loan??

hboothman

netgear11 wrote: »

thanks for the advice - rude or supportive .

the fact is i have two contracts in front of me. I started a 19k interim job on tuesday and begin my 27k grad job in september.

So I can't see the fuss over repayments of £5-600..?

Some basic math reveals that if I can find a £6k loan at a feasible 19% APR, then I'd be paying back £5590. That's monthly repayments of about £590..?

my only concern is that, some months I might miss a payment. For example, as I have a lower paid job until September, is it okay for me to pay less in monthly instalments and then starting paying more in September? So, in total, I'd still be paying the right figure, just in differing monthly amounts... Make sense and is fair?

Hi sorry to hear about your situation,
I too have been trying to obtain a 7k loan for a car.
The difference is though that I am 31 earn £19k + a year (never been unemployed!) , have excellent credit records and still can't obtain a loan!
I'm sorry to say it is very unlikely you'll get a loan without going to a loan shark which I really wouldn't recommend.
I'm afraid the best advice I can give is to buy a banger for now and spend 6/12 months SAVING for the car you really want.
If you do get a loan I would get a much smaller loan to build your credit score if nothing else, but you must make correct payments on time as not doing so will have a detrimental effect on ALL future finance for at least 6 years including Mortgages.
Hope things work out for you

Tassotti

Come on now..

You have defaulted on a loan already..You might have got away with it before, but lenders (even sub-sub-prime lenders) won't touch you with a barge-pole.

Who cares what you might earn?

I might earn 2 million next year... but I doubt it very much