medically retired? can i still borrow

blazingsaddle

cheers rafter....iv never had a credit card before...i dont think i like the concept of a credit card...i just want sum ready monies...where i can pay back about £100 a month over 3-5years...who offers such services to an oul lad with a walking stick?

BigDave81

Apply for Virgin credit card who may offer you a healthy credit limit on 0% if you tick all their boxes etc then you could do a balance transfer to your current account, buy the tv and computer etc. Then you can pay £100 a month off the balance

Failing that just save up for a few months or buy the computer and tv on o% finance deals through places like pc world and the likes.

Loan companies don't like taking benefits in to consideration as they can be withdrawn at any time without warning

blazingsaddle

i just applied online for a Virgin credit card...they said i was unsuccessful and reccommended i try another crowd...any other suggestions as to how sum1 in reciept of dla and incapacity benefit can get a 3k loan...

Arwen

I am quite surprised your bank won't lend. When my mum was alive, she had no problem about getting a loan or a credit card,despite having moved back to the UK from abroad and had hee haw recent credit history.

Do you rent your house, or have you had a chequered credit history?

You need to be careful about applying for more credit as will show up on your credit searches and then you are more likely to be declined. You could try instore finance deals, but their APR is quite high, but if you have a good income and little outgoings, and can pay it off quicker, then the interest may not be so bad.

blazingsaddle

yes im just renting, and have a good credit history...i duno...its a minefield out there

[Deleted User]

blazingsaddle wrote: »

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

my income consist of dla and i/b plus other benefits and i have had a number of personal loans from alliance and leicester even though ive never banked with them

Ames

I got loans a few years ago, I'm on SDA (an old version of IB, DLA and IS), but couldn't afford to pay them back, so be careful and do your budget before taking anything on to make sure you can afford them. Before anyone has a go, I have bipolar and didn't really know what I was doing when I took them out - I was having an episode and just wasn't capable of thinking long term. Anyway, I got them with Yorkshire Bank (my own bank), and Egg.

If you've never had a credit card that could be part of your problem, you need to have had credit to have a credit rating, if you see what I mean?

Mrs_Ryan

which bank are you with - its not HSBC is it? Mum had problems with them refusing her a current account without doing any checks as as far as they were concerned she had 'no income' :rolleyes:

My mum is on IB and DLA as well and she had no problems getting a loan through Yorkshire Bank (her old bank) and Lloyds TSB so it definitely is possible.

blazingsaddle

hi thanks alot u guys...i went back and spoke directly to my own local branch...and i got a loan of 4000£ repayable over 5 years...think its about 80quid a month...pretty happy with that...

just way to many dodgy loan companies out there...fleecing money of people who r in desperate need of a loan

yes loans and skoot loans to name but 2...

BigDave81

Excellent news, congrats - roll on more booze and women then