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Loan Help!!!

Twinkley
Twinkley Posts: 9 Forumite
Hi,

Newbie here, I've been searching but actually not sure what to type into the search bit.

Basically I have no credit history at all and would like to take out a loan, how do I go about doing this? I applied at flm but they said my garantor was not a home owner - maybe they dont class shared ownership as a home owner?

please can someone point me in the right direction?

Thanks in advance

xx
Debt May 2011 - [STRIKE]£2963.40[/STRIKE] / £2821.92:mad:
* New Look - [STRIKE]£141.48[/STRIKE] / £0.00 *:j
* Mint - £312.21 * Abbey - £1,611.83 * Indicit - £82.45 *
* PC World - £135.72 * DFS - £256.23 *
Very - £423.48*

Comments

  • MFWannabe
    MFWannabe Posts: 2,438 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Hi
    I would say if you have no credit history at all then you are very unlikley to be offered a loan. Also you need to give us some more idea of how much you are looking to borrow to get good advise. I would say you need to get some credit history first by taking a credit builder credit card which you pay off every month in full; then when you've had this for a while you may be offered credit

    Hope this helps
    MFW 2025 #50: £711.20/£6000

    07/03/25: Mortgage: £67,000.00
    18/01/25: Mortgage: £68,500.14
    27/12/24: Mortgage: £69,278.38 

    27/12/24: Debt: £0 🥳😁
    27/12/24: Savings: £12,000

    07/03/25: Savings: £16,500

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