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19 year old wants a loan
My 19 year old son wants to get a loan to buy his brother's car. He won't listen to reason and is now searching all the internet sites to see what he can borrow. He has only just got a job after refusing to work since leaving school. He has applied and been offered a credit card and its all worrying me sick.
His father is just now after seven years managing to clear his debts and now this one is going the same way.
What are the chances of him being refused.
His father is just now after seven years managing to clear his debts and now this one is going the same way.
What are the chances of him being refused.
I'm stressed enough over this - please don't add to it.:eek: 
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Comments
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Depending on his credit rating and income he will either be rejected or given a very high interest loan.
How much is this car?0 -
My 19 year old son wants to get a loan to buy his brother's car. He won't listen to reason and is now searching all the internet sites to see what he can borrow. He has only just got a job after refusing to work since leaving school. He has applied and been offered a credit card and its all worrying me sick.
His father is just now after seven years managing to clear his debts and now this one is going the same way.
What are the chances of him being refused.
I got one from Black Horse at 19. My credit rating wasn't fantastic and I earned £500 / month, plus student loans/grants of £6000-£7000 a year. So about £12k total annual income.
Is there any chance you can plead with the brother not to sell him it?!
Debt so far: Natwest Overdraft - [STRIKE]£1250[/STRIKE] £0, Barclays Overdraft - £1500
, Abbey Overdraft - [STRIKE]£750[/STRIKE] £0, Car finance - £3000
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Has his father spoken to him?My 19 year old son wants to get a loan to buy his brother's car. He won't listen to reason and is now searching all the internet sites to see what he can borrow. He has only just got a job after refusing to work since leaving school. He has applied and been offered a credit card and its all worrying me sick.
His father is just now after seven years managing to clear his debts and now this one is going the same way.
What are the chances of him being refused.0 -
My debt problems started at 19 and 15 years on, i am still paying for them in one form or another
Is there no way that your Son can arrange with his Brother to have the car but pay him in monthly installments ?0 -
just dont borrow if you cant afford to pay it back!!Im GRRRREAT!!0
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tony_the_typer wrote: »just dont borrow if you cant afford to pay it back!!
what a pointless comment in relation to this post.0
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