my kind brothers helped

positivity

my brother has kindly done a loan for me in his name but with my bank details but now im wondering if it will work anyone have an idea? just wondering so i know what to expect when the decion comes back should be ok though because he got good credit. fingers crossed!:undecided

smartpicture

positivity wrote: »

...but now im wondering if it will work anyone have an idea?

Should work out fine for you.

Not convinced it will work out fine for your brother though.

fozmcfc

Positivity, don't take it personally, but generally taking out loans for family and friends leads to a hell of a lot of trouble. In many cases, the family/friend they take the loan for has a bad credit history and has failed to pay for credit in the past, which is why they can't get the loan in the first place.

I just hope that you are one of the cases where you don't let your family down and keep up with all the repayments, if you're not sure you can manage it, then don't get your brother to do it, otherwise you could well end up ruining your relationship.

positivity

fozmcfc wrote: »

Positivity, don't take it personally, but generally taking out loans for family and friends leads to a hell of a lot of trouble. In many cases, the family/friend they take the loan for has a bad credit history and has failed to pay for credit in the past, which is why they can't get the loan in the first place.

I just hope that you are one of the cases where you don't let your family down and keep up with all the repayments, if you're not sure you can manage it, then don't get your brother to do it, otherwise you could well end up ruining your relationship.

i dnt have bad credit its jus i have no history of credit thats why i get rejected ive tried to get stuff but keep getting rejected and plus the amount is alot so thats prob why thay wont let me have it. how can u build a credit history

tasha-debt

Apply for a CC and spend a little bit each month and pay it off each month, it will start to build your credit score up.

Malky

How are you going to build your own credit history if you're relying on others to borrow on your behalf?
Is the loan urgent or is it for a purchase that can wait?

Peelerfart

Deception offences -

"A deception will be deliberate when the defendant knows that what he represents as true is untrue."

Is it really worth it ?

Fiddlestick

Peelerfart wrote: »

Deception offences -

"A deception will be deliberate when the defendant knows that what he represents as true is untrue."

Is it really worth it ?

What's the deception here?

His brother applied for a loan but wants the money paid to the OP.

Legally it's the brother's debt and legally the brother is responsible for making the payments.

talana

Fiddlestick wrote: »

What's the deception here?
His brother applied for a loan but wants the money paid to the OP.
Legally it's the brother's debt and legally the brother is responsible for making the payments.

I agree with that, but the OP said:

my brother has kindly done a loan for me in his name but with my bank details

If it's legally the brother's debt, then it needs to be the brother's bank details for repayment. Can't see they'd accept it with a third party's bank details.

positivity

Malky wrote: »

How are you going to build your own credit history if you're relying on others to borrow on your behalf?
Is the loan urgent or is it for a purchase that can wait?

the loan is urgent and it is alot they will only give me a small amout to starrt with and i need it for a rent deposit...why do people likke to write smart as coomments if know one likes the idea of it then go to another forum im quit fed up with so much negitivity ive had much of it already thanks for the people that are actually writing helpful comments:(

liam8282

positivity wrote: »

the loan is urgent and it is alot they will only give me a small amout to starrt with and i need it for a rent deposit...why do people likke to write smart as coomments if know one likes the idea of it then go to another forum im quit fed up with so much negitivity ive had much of it already thanks for the people that are actually writing helpful comments:(

So really all you want is for people to reply with exactly what you want to hear?

Why don't you just go buy a dictaphone and record the answer you want, then play it back to yourself. That might make you feel better.