a cant get a loan anywhere

streech_2

hi i have been trying to get a unsecured loan now for a couple of weeks b ut to no avail.i work full time and bring home 1500 per mon th and i am living with parents.i have 2 loans and one creditcard on my experian report.i did default with creditcard but managed to pay the balance in full and i missed 6 payments on one of my loans but managed to up my payments with the creditor to bring payments up to date,the other loan i have i have never missed a payment with them and will be paid off in 3 months.WHY CANT A GET CREDIT please help peepz jamie

somethingcorporate

Probably because of:

streech wrote: »

i did default with creditcard and i missed 6 payments on one of my loans

TWINKLE-STAR_6

yes that will be exactly why im afraid, best bet would be to clear of your other debts before trying to get another loan, is it an absolute emergency that you have one? im nosey i know

i just mean if its not total urgency then dont get one as you will just end up worse off hun.

Tixy

Hi

Its likely that the defaults and missed payments are the reasons.

But how old was the default? how long ago were the missed payments? If they were more than 3-4years ago there could be other reasons you are being declined.

How much are you trying to borrow and how many applications have you made?
What do you currently owe on your loans?

itsjustlittleoldme

I have the same problem. I have a credit card and a pay day loan but other pay day loan companies won't accept me.

drbesty

You earn 1500 quid a month and live with your parents, yet you have two loans and need another? What do you spend your money on?

streech_2

hi i owe £435 to blackhorse its paid off in 3 months and i owe my scotwest about £3500 this is the one i have missed payments.but i have upt the amount of money i give 2 scotwest from £100 per month to £140 trying to catch up. cheers very much 4 your message x a very stressed oot fella.

masterlumps

streech wrote: »

hi i have been trying to get a unsecured loan now for a couple of weeks b ut to no avail.i work full time and bring home 1500 per mon th and i am living with parents.i have 2 loans and one creditcard on my experian report.i did default with creditcard but managed to pay the balance in full and i missed 6 payments on one of my loans but managed to up my payments with the creditor to bring payments up to date,the other loan i have i have never missed a payment with them and will be paid off in 3 months.WHY CANT A GET CREDIT please help peepz jamie

streech wrote: »

hi i owe £435 to blackhorse its paid off in 3 months and i owe my scotwest about £3500 this is the one i have missed payments.but i have upt the amount of money i give 2 scotwest from £100 per month to £140 trying to catch up. cheers very much 4 your message x a very stressed oot fella.

self explanatory

Salinger

This shows the mentallity of people and highlights why this country is in such a mess. Why would anybody lend you money if you have proven over the last couple of years, credit file shows records for 6 years I believe, that you can not, or will not, honour your current commitments. If you are receiving £1500 per month take home and already have various loans, do you not realise you are living beyond your means ??
I would bet that if you were able to continue to get credit, in two or three years time your take home pay would be used totally to repay your loan commitments.
Grow up, learn to budget properly, save the money first and get yourself out of the living of loans culture or you will be sorry.