We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Own bank loan when in overdraft

martinjohn
martinjohn Posts: 272 Forumite
Part of the Furniture 100 Posts Name Dropper Combo Breaker
edited 4 February 2010 at 3:15PM in Loans
what are my chances of getting a loan from my bank when im self employed and currently been in an overdraft for some time?
I have been declined by 2 other lenders already.

Comments

  • Cash_Flow
    Cash_Flow Posts: 1,103 Forumite
    martinjohn wrote: »
    what are my chances of getting a loan from my bank when im self employed and currently been in an overdraft for some time?
    I have been declined by 2 other lenders already.

    Not good, In the eyes of the bank you are struggling.
  • Not good mate, I was told I was pre-approved but still got declined by my bank, thats after paying of a 3k loan to them with not one payment missed.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.2K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.