Anyone Accepted?!

no_more_cards_for_me

Unlikely. If not consolidation then car ??

Matt16v

andys15 wrote: »

Matt,hand on heart, if you had the money would you loan him it. and risk not getting it back. If you wouldn't then do you think a lender going by track record alone would.

Possibly, depends how much money I had really! I wouldn't let him 10 grand, but then i don't have 10 grand to lend him!

I don't know really. You hear a lot about companies charging very high rates of interest so i just wondered who some of those companies are so i could pass onto him and see if he could get accepted.

euronorris

Why can't he save exactly? What's the urgency?

immoral_angeluk

Matt16v wrote: »

Possibly, depends how much money I had really! I wouldn't let him 10 grand, but then i don't have 10 grand to lend him!

I don't know really. You hear a lot about companies charging very high rates of interest so i just wondered who some of those companies are so i could pass onto him and see if he could get accepted.

If you were a true friend, you'd be better off pointing him in the direction of this forum rather than aiding him in getting into a deeper financial crisis.

wayne99

Matt16v wrote: »

His credit history is very poor, CCJs the lot,

I doubt anyone will lend.

Matt16v wrote: »

but he wants a loan and earns well so can afford to repay it.

If he "earns well" why the poor history and CCJ's then ?

if he can afford repayments on a 5 - 10k loan then surely it would be better putting what you would repay into a savings account, and then when the typical loan period ends say 2 years he will have his 5 - 10k.

Matt16v

immoral_angeluk wrote: »

If you were a true friend, you'd be better off pointing him in the direction of this forum rather than aiding him in getting into a deeper financial crisis.

I'm ignoring that because you know nothing about the situation whatsoever and are blatantly just trying to get people agreeing with you in some sort of ego boosting excercise.

Well, this has been a great help! :rotfl:No i do see what people are saying, and rightly so (for the most part).

euronorris

Perhaps there is a different solution available, but we can't really help any further without further details.

Perhaps your friend can contact one of the debt charities, or CAB, for advice - if appropriate.

But, I doubt he'll be able to get a loan from any company and he shouldn't just apply to numerous companies as this will also have a negative effect on his credit record.

The only people who will lend to him at the moment, are those who will also break his legs if he doesn't pay (for whatever reason - they don't care).

Please tell him to be careful and not go down that route.

triticale

Matt16v wrote: »

I'm ignoring that because you know nothing about the situation whatsoever and are blatantly just trying to get people agreeing with you in some sort of ego boosting excercise.

And you come to that conclusion how? :rotfl:

R0bert_Sterling

Sounds like your...errr... friend.. has never repaid a single debt ever (hence the CCJ's and rubbish credit rating).

WHO IN THEIR RIGHT MIND WOULD LEND A PENNY TO errrr HIM ??

There is no way in this World errr HE is EVER going to repay anything so it's a pointless question.

Just because nobody can give you the answer you are looking for, doesn't mean they are trying to inflate their own ego.


I don't need an ego......

lollypop99

Some funny posts on here!! :T

But a few things do need saying, first of all just because people are high earners doesn't mean their credit ratings are going to be perfect, bearing in mind a CCJ will stay with you for 6 years after you've cleared it.

I had a CCJ issued against me 6 years ago when I was earning £10k a year, this has been cleared for 5 years now, and I earn substantially more now and still get refused for credit sometimes.

It seems your friend needs the money for a specific purpose, if he's not entertaining the idea of Debt Management Plans etc.

If it's for a particular product i.e. a car or computer, has he considered seeing if any companies offer HP?

Alternatively on the Experian website, you can view your credit rating & there is a section which offers suggestions of companies willing to lend to you, taking your credit rating into account.

hope this is a bit more help