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can tax credit be used to get a loan??
roysmissus
Posts: 57 Forumite
in Loans
;)Evening everyone,
Just a quick thought can banks accept tax credit as a regular form of income when applying for a loan??
Just a quick thought can banks accept tax credit as a regular form of income when applying for a loan??
:EasterBun
If "poli" means many, and "tics" means bloodsucking creatures what does "politics" mean?:rolleyes:
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In a word no.
It could be taken from you at a moment's notice.0 -
Thanks for your reply. Had a feeling that they couldn't use it.:EasterBunIf "poli" means many, and "tics" means bloodsucking creatures what does "politics" mean?:rolleyes:0
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its due to it been a benefit, but if you have tax credit are you not working?0
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Not at the moment just had injections in my lower back and i am having weekly physio but my husband works.:EasterBunIf "poli" means many, and "tics" means bloodsucking creatures what does "politics" mean?:rolleyes:0
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roysmissus wrote: »Not at the moment just had injections in my lower back and i am having weekly physio but my husband works.
I hope it was not a lumber puncher my misses back has not been right from hers and its sill pain full for her to move. Iv told her to go form physio as a bad back at only 20 it not good.
Hope you get well soon.0 -
It's strange that everyone has said no as i am on a low income and applied for a loan with my bank and it appeared that they did accept it as income otherwise i would have not been eligible for loan. my tax credits are far more than my monthly earnings
dont know if different rules apply if that is the only income however?"The darkness has no answers"0 -
you would be best looking for one that asks for a household income0
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I hope it was not a lumber puncher my misses back has not been right from hers and its sill pain full for her to move. Iv told her to go form physio as a bad back at only 20 it not good.
Hope you get well soon.
It was facet joint injections 3 of them :cool: Iv suffered with back for 6 years now had 2 lots of physio acupuncture an the fella that cracks your back:eek: and im no better now than i was 6 yrs ago, but i will try anything once if theres a chance it will ease it off a bit. My thinking is if it like this now what will it be like when im in my 60;s lol. Hope she is feeling better soon i'll keep my fingers crossed that she finds something that works for her.:EasterBunIf "poli" means many, and "tics" means bloodsucking creatures what does "politics" mean?:rolleyes:0 -
Thanks for all your reply's they have been very helpful.:EasterBunIf "poli" means many, and "tics" means bloodsucking creatures what does "politics" mean?:rolleyes:0
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I have to disagree with the fact that tax credits can't be taken into accoutn when applying for a loan - most banks will take it into account as regular income along with child benefit for loans and mortgages -0
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