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Question re: getting a loan with new job
Hi,
My wife has recently started a new full-time job at a newly opened shop (not her shop). Prior to that she has been a housewife with no wage income apart from about 18 months work in total during last 15 years.
She needs to obtain a loan for up to £10k within the next few months if possible.
Her probationary period with her employer is 1 month, she's in her third week now and looks set to stay permanently (assuming business continues successfully of course).
Regarding her credit history, we have a joint mortgage, always paid on time but moved to interest only for about the last six months. We also have a joint current account O/D by £4k (which is agreed limit). It has been over the £4k limit for the last two or three months but she recently paid in £300 to bring it back inside the limit. We received no letters regarding this account, just the standard £28 mth 'over the limit' fee, and usual interest fees.
She has had no other credit and all utilities/phone are in my name.
What options does she have, if any, for obtaining a loan and what sort of interest rates are we talking?
She would need the ability to regularly overpay or pay a lump sum at any point of time in the loan agreement resulting in a reduction in overall interest charged and without any [unreasonable/excessive] charges or penalties being applied.
Also, is there anything she could do in the next couple of months to try and improve her credit rating apart from making regular payments on our O/D?
Thanks,
dack
My wife has recently started a new full-time job at a newly opened shop (not her shop). Prior to that she has been a housewife with no wage income apart from about 18 months work in total during last 15 years.
She needs to obtain a loan for up to £10k within the next few months if possible.
Her probationary period with her employer is 1 month, she's in her third week now and looks set to stay permanently (assuming business continues successfully of course).
Regarding her credit history, we have a joint mortgage, always paid on time but moved to interest only for about the last six months. We also have a joint current account O/D by £4k (which is agreed limit). It has been over the £4k limit for the last two or three months but she recently paid in £300 to bring it back inside the limit. We received no letters regarding this account, just the standard £28 mth 'over the limit' fee, and usual interest fees.
She has had no other credit and all utilities/phone are in my name.
What options does she have, if any, for obtaining a loan and what sort of interest rates are we talking?
She would need the ability to regularly overpay or pay a lump sum at any point of time in the loan agreement resulting in a reduction in overall interest charged and without any [unreasonable/excessive] charges or penalties being applied.
Also, is there anything she could do in the next couple of months to try and improve her credit rating apart from making regular payments on our O/D?
Thanks,
dack
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Any suggestions?...0
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Final BUMP, hoping someone can help
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