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Bad Credit - FLM Help

streetfast
streetfast Posts: 74 Forumite
in Loans
Hi,

I am in a bit of a pickle and need a loan asap, anything upto 5k. Trouble is I cant get one due to not being on the electrol roll and having too many searches. I did have a credit score just short of good but now it will have shot down I bet due to searches! Oh well.

Anyways I came across FLM who said they could do it with a person as back up. Well my partner used these with her mum of 3k (That would be ok more would be desired). My problem is I have my godmother in mind as that person to co-sign but I am unsure how to approach her if anyone can help as she would be responsible for the loan if I fail to pay? Also is there anyone who would do the full 5k?

Many Thanks

Comments

  • borders_dude
    borders_dude Posts: 1,974 Forumite
    Seems like a lot to ask from someone. Asking them to be prepared to take on a debt if you decide you aint paying!
    When dealing with the CSA its important to note that it is commonly accepted as unfit for purpose, and by default this also means the staff are unfit for purpose.
  • streetfast
    streetfast Posts: 74 Forumite
    It is but not sure how else to do it?
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    anyone thet is willing to use FLM clearly is some-one that shouldn't get a loan.

    go over to the debt free wannabe board and address the reasons for your debts.
  • streetfast
    streetfast Posts: 74 Forumite
    the money is going to be used as an investment, I was running a successful business but I had a joint account and my partner spent the money so its to set back up again thats all. I am not in mess with debt I just need to set back up again and I am young and have no credit history.
  • streetfast
    streetfast Posts: 74 Forumite
    oh and i now have my own account to use
This discussion has been closed.
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