Poor/Fair Credit Rating - 30k Loan

jet77

Hi,

Pls help!! I would like to get a loan of 30k - which I know is a huge financial commitment :eek: and I won't do b4 making extensive budget out - the loan would pay to convert my property in to two. The sale of the bottom property would be £70k-£80k (am in a thread in other chat forum bout this) meaning that I could repay the loan in full after a period of time - so need one with no early repayment charges.

Does anyone know who is likely to accept me for a loan of this amount with a Poor/Fair Credit rating? (no CCJ's or anything like that, few missed payments on credit cards). I did the link on this w/site to get what your credit rating is and it said Fair, but I have sinced applied for a Northern Rock and a Post Office loan and have been turned down - hence the Poor/Fair.

I don't want to apply about anymore than I have done and lower my credit rating even more.

All help appreciated!!

Debt_Free_Chick

Best bet is probably going to be a further advance on your mortgage. For that amount, you'll be looking a secured loan anyway, so you might as well use your existing mortgage provider for that.

jet77

I have spoken to my existing provider (Halifax) and they have said that this cd b a poss after I have paid them £65 to get their permission to do the conversion and £75 for them to send a surveyor out. At least it wd all b in one place. Thx Debt Free Chick