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OK - Its time for you to talk to me ...I'm waiting!!!
Comments
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Miss_P wrote:Ok - I've started a new thread. I'll get straight to the point. I need a loan of approximately £20,000. Whats the best one to go for - secured or unsecured? This needs to be sorted out before Christmas..................Help!!
nooooooooooo to secured!!!!!!!!!!!!!!!!You'll always miss 100% of the shots you don't take - Wayne Gretzky
Any advice that you receive from me is worth exactly what you paid for it. Not a penny more or a penny less.0 -
Tough one.....
Secured and they take your house if you cant pay.
Unsecured and they dont.
Your call.0 -
Whats your credit history like? Thats a lot of money to borrow....0
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Credit history not too bad. Got in a mess when I didnt realise that making searches on website was leaving footprints on file. However I do not have any CCJs or have defaulted in any way whatsoever. Last time I applied for a loan was with Tesco - this was around 3 months ago, but was turned down. I can only put it down to this.
What can I do?0 -
Could also be down to over comitment? How does the £20K compare to your income & how big is your mortgage?
Both the above will have a bearing on who lends and at what rate.0 -
Whats the 20k for? If its consolidation, don't do it until you have had a very long look at the devbt free wannabe board.
Also, whats your income? If its under 20k you are borrowing a years salary or more and that starts alarm bells ringing.
Regards
XXbigman's guide to a happy life.
Eat properly
Sleep properly
Save some money0 -
Yeah, you'e right. My salary is only £19,000 and my mortgage is £152,000. The loan was for consolidation. 3 credit cards and an overdraft. You can view my SOA on another thread under Debt Free Wannabe forum.
Really not sure, how this is going to work out for me.0 -
I suspect the fact that you have a mortgage that is 8x salary, plus other debts, could be giving prospective lenders the heebie-jeebies...Hi, we've noticed that you don't have a signature to remove. If you're not sure why please read the forum rules or email the forum team if you are feeling left out.0
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