medically retired? can i still borrow

blazingsaddle

hi all...im recently medically retired due to a serious back injury. i have been having a look recently at taking out a loan for a new tv and computer and some other household essentials. is there any decent lending companies out there who will lend me £3000 when i am not working? i have an income of about £1500 per month

thank-you all

Rafter

Best to talk to your own bank. I think some lenders are reluctant to lend to retired people, but given your monthly income you seem to be able to support the payments.

Could you buy the computer and essentials through some sort of interest free deal or a 0% on purchases credit card and then simply save up enough per month to repay it when interest starts being charged?

Good luck

R.

kindofagilr

I guess its the same as with any income though, if you have £1500 coming in, it depends on what you have going out? if you had for example £1450 going out each month I doubt you would get one?

But I agree with above see your bank first.

Or can you save it up over a few months?

blazingsaddle

i basically just want to see what is exactly out there in terms of loans. my bank declined me stating that because im on Disability Living Allowence and Incapacity Benefit, this does not constitue a wage. so i guess im looking for a loan company, that will lend to sum1 who is on state pension and state benefit. it is still money coming in every month, i fail to see why my own bank fail to recognise it as an actual income, when it is clearly shown coming into my bank account every month.

i dont really have too many outgoings tbh

any1 else had any similiar problems regarding being on state benefits and being unable to secure a loan with a high-street bank?

cheers guys

McKneff

If my bank was as unelpful as that i would be transferring my custom elsewhere and telling them why!!!!

blazingsaddle

yes yes mckneff...i had thought off this, but it would be an administration nightmare for me. quite a few direct debits coming from this account, and 3 different incomes going in there.

there does seem to be alot of scam loan companies on the prowl, i want to avoid them like the plague

is there any decent loan companies lending to low-income employees or peope in receipt of dla and incapicity benefit. i think my own bank stated that they count dla as an income, but not incapacity benefit. i get about £500 per month on incapacity benefit. i think this was the reason why they rejected me for a loan of £3000 (namely that incapacity benefit does not qualify as an income, wiping some £500 of my monthly income)

CLAPTON

if you have 1500 coming in and very low outgoing why isn't saving up an option?

blazingsaddle

i spend all my money on booze and women

McKneff

blazingsaddle wrote: »

i spend all my money on booze and women

and squander the rest i presume.:rotfl:

blazingsaddle

just looking to get a £3k loan over 5years...been reading sum horror stories on here about yes loans and the like...surely there must be sum companies that will lend me a few quid lol...any safe reccommeditions...just seems like every1 is out to rip every1 else off...i just want £3k...i swear to almighty jesus il pay it back

Rafter

Try the credit card or 0% finance route for the computer - criteria may be less strict for these types of borrowing rather than loans.

R.