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help please,just borrowed 23,000 but need more for house improvements
jolly_peter
Posts: 5 Forumite
in Loans
living with parents,just borrowed 23,000 personal loan for house renovation but will need around another 10,000
my earnings are 2,800 after tax per month,pay 340 rent ,how much more can i borrow. just want a little advice before going back to the bank, not on electoral roll but credit score 844.any other lender recommendations thanks
my earnings are 2,800 after tax per month,pay 340 rent ,how much more can i borrow. just want a little advice before going back to the bank, not on electoral roll but credit score 844.any other lender recommendations thanks
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House renovation yet you don't own it. Why? You can usually borrow up to about 1 years salary unsecured across all forms of borrowing including any unused credit card limits but lenders will run scared so soon after borrowing £23,000 and wanting more.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
You might find it difficult to borrow an extra £10k after just getting £23k but only your bank will tell you....you won't find the answer on this forum0
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Before computers made all the decisions for unsecured lending, I signed off a loan to a chap who lived "with parents" and wanted to borrow the money for "home improvements". 2 years later an internal audit picked up on my oversight and I got a rollocking - fortunately the borrower made all the payments, but I should never have signed off the loan.living with parents,just borrowed 23,000 personal loan for house renovation
I would have thought that most lenders' systems would trigger an automated decline if the questions have been answered honestly. Unless they think you have a shiny new car.
I'm surprised you got the loan and I'd be gobsmacked if you got an additional sum of money so soon after raising such a large amount.0 -
surprise got a loan if not on ER,sounds like a wind up to me0
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Why aren't you on the electoral roll?0
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barbarawright wrote: »Why aren't you on the electoral roll?
More importantly what house are you renovating?0 -
wendy house?0
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"Dream" house?"We want the finest wines available to humanity, we want them here, and we want them now!"0
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"We act as though comfort and luxury are the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about” – Albert Einstein0
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jolly_peter wrote: »living with parents,just borrowed 23,000 personal loan for house renovation but will need around another 10,000
my earnings are 2,800 after tax per month,pay 340 rent ,how much more can i borrow. just want a little advice before going back to the bank, not on electoral roll but credit score 844.any other lender recommendations thanks
So after rent you have 2,500 a month, excluding your loan repayment. A credit card and a month or 2 of saving and you would have 10k no problem.There's no sense crying over every mistake.
You just keep on trying till you run out of cake.0
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