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18 Year old Full needs a loan

Prof_FrinkProf
Prof_FrinkProf Posts: 128 Forumite
Part of the Furniture Combo Breaker
edited 15 February 2011 at 8:07PM in Loans
Oooooooooo

Comments

  • susank
    susank Posts: 809 Forumite
    Part of the Furniture 500 Posts
    I think many people will come to your aid shortly but I think they would want to know if you are employed and have a wage coming in to pay it back ok and if you have any other debts at all.
    Saving in my terramundi pot £2, £1 and 50p just for me! :j
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Are you in steady employment? Have you got a bank account?
    If you are working and your salary goes into the bank try them first - if you are a student or on benefits or not working forget it.
  • Sallys_Savings
    Sallys_Savings Posts: 1,641 Forumite
    1,000 Posts Combo Breaker
    Hi Blackout..... my son was after a loan and it worked out he would of paid alot more back to the bank then if we got one out on his behalf.

    Perhaps this may be an option if your parents are willing to put it in their name and you make a standing order to your parents account each month?
  • Rafter
    Rafter Posts: 3,850 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Bank of mum and dad may be the only option - even if it is them taking out a loan in their names and you paying them back.

    You are unlikely to get offered a decent credit limit on a card to use that route.

    You could try your bank but the interest on low value short term loans is horrid.

    Why do you need the money?

    R.
    Smile :), it makes people wonder what you have been up to.
  • check this at Northern Rock. They seem to have excellent rates just now.

    http://www.northernrock.co.uk/loans/quote/quickQuoteIM.asp?ref=655-1188
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