Loan Question

Hi All,

Would greatly appreciate some advice on the below;
My brother who is 25, drives a public hire taxi cab and is about to buy his own taxi from a private seller but he is struggling to get a loan (£7500) for this.

I have looked through MSE loans info section and tried all the big players like Sainsburys Tescos etc and they have all refused him.

What is the best thing for him to do?

Any advice much appreciated,

- twitterers

Comments

  • Apples2
    Apples2 Posts: 6,442 Forumite
    If he has already made several unseccesful attempts at getting a loan, he is unlikely to get one at all due to the amount of searches recorded against him.

    Without knowing his income, debts, credit history etc. nobody can give sensible advice.

    From the limited info we have, tell him to stop applying for more.
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