I need a loan...

Gothicfairy

If there is no equilty in your property and you own nothing you could sell maybe bankruptcy might be best for you ? I know it will stay on your file but to be honest that is shot now anyway but at least it would put an end to the problems you are having and it might make your future brighter with that worry and load off your mind.
Clearly you are struggling at the moment and going down that road would at least draw a line under everything and allow you to move on and plan for a better life when you are clear and free.

You can't carry on as you are and as every single poster here has said you are not going to get a loan ..no way no how so you need to start looking at other options and ideas.
I would also suggest a trip to your Doc to see if they can help with maybe some counciling etc

chesky369

I'm giving you the benefit of the doubt that you're not a troll. But how many people in this thread have said in more or less the same words (excuse my shouting)
YOU ARE NOT GOING TO GET A LOAN.

And yet, and yet, in post 61 you are STILL grinding on the same old way.

IT IS NOT GOING TO HAPPEN. Get used to it and think of another way.

jkelly81

i made some progress on this, I spoke with my mortgage provider regarding additional borrowing. i had believed in the past this would not be possible as I reckoned i was probably in negative equity. Using sites like Zoopla etc. I can see the value of my house has grown considerably, Im not sure how accurate this is, but this was enough to get the ball rolling quoting the figure from that site. So i spend about 2 hours on the phone to them discussing all my private details within earshot of my colleagues, only to be told at the end its been rejected due to my credit report. This is madness.

I paid to see my credit rating and score (more money down the drain) the poor rating comes from my bank. Now, this is the bank who I went along to see when i knew I was away to struggle a bit for cash and asked for a loan to tide me through it all (there was take loan now pay in a few months aswell) A tailor made solution for my needs if ever there was one...but they point blank refused. I then struggled for months and they months without payment racked up. The amount of charges and interest at the end of this black hole was worth almost the same amount as my debt. Things got better and I started getting everything paid again, the same time the next year however, the aftershock of the previous earthquake in my finances was starting to become evedient. Thinking I coudln't get a loan, I began wasting money on high risk investments which proved to be money down the drain. The only thing that had lead me to this was the need for smoe additional funds. Funds which could have been easier obtained via a loan, and this happens day in day out for everyone else. Again, on paper, the solution looked to be to borrow a little more than I was due in order to provide that float I needed to get out of the rut and make up for what I had blitzed....but again they turned it down...and again the muck hit the fan and my repayment grid on experian starts to turn from green through the oranges into the reds and finally D day (Default)....now I had recognised fully the situation, I predicted exacly what was going to happen...and tried to do what works for almost everyone else (plenty of evidence on this site). I eventually got out of the rut again but it was a lot harder, it involved me losing pay going off work while i contemplated whether its actually worth caryying on or not....we're now back to that time again...and again the solution would be borrowing more...but I have a very big prblem now in that the total amount of debt has TRIPLED since I originally looked to take this route out...so borrowing more than I have in debt in order to get out is becoming very expensive...25k andI can clear my debt and have very little left to provide some comfort over the additional 10 years or so it would take to clear that loan....but despite being willing to get into that situation and live a life of hell for ever...they won't even give me that....4 years of hell now...If I had just gotten that loan originally it would be almost paid off by now....and I might just be in a better place...to sit back and just accept that as the way it is is just wrong...completely wrong...can't this website with all its media exposure recognise that there can be occasions where the systems FAIL the people its supposed to help, where loopholes in their systems can tie a proverbial shackle around ones legs and condemn them to a life of poverty....i refuse to listen to things like "with the market as it is these days" "in this financial climate" etc...i call BS on all of it...I am paying more in interest/charges than I ever have, and I can't be the only one....

Apples2

Just go Bankrupt dude.

Borrow, borrow, borrow. It seems to be the pattern of choice for your life.

Four pages of people explaining why you are going wrong have fallen on deaf ears, it's everyone elses fault.

ExNicotineQueen

Can't you go down the DMP/IVA or bankruptcy route? It sounds like you are having more hassle dealing with interest rates being high and charges put on top of all of this.

I’m not sure if it hasn’t been said already but the way out of debt is not to take on more debt.

You either increase your income and cut down your outgoings, or cut down your outgoings until you are living within your means. There really is no point moaning about things or having a pity party about why everyone else who was reckless in getting easy credit and not paying it back. You need to look at your own situation and take it on board for what it is. If you cannot afford to keep up your repayments, perhaps the best bet would be for you to go bankrupt and start all over again.

Tixy

jkelly81 wrote: »

i made some progress on this,

You are in a DMP. When you go on a DMP with CCCS they definitely explain the impact on your credit rating. Your credit rating will be trashed from the DMP.
Trying to get another loan is a pointless waste of time.

jkelly81 wrote: »

I paid to see my credit rating and score (more money down the drain) the poor rating comes from my bank. Now, this is the bank who I went along to see when i knew I was away to struggle a bit for cash and asked for a loan to tide me through it all (there was take loan now pay in a few months aswell) A tailor made solution for my needs if ever there was one...but they point blank refused Sensible of them, if someone is struggling, why would they lend you more money to risk losing even more. I then struggled for months and they months without payment racked up. The amount of charges and interest at the end of this black hole was worth almost the same amount as my debt. Things got better and I started getting everything paid again, the same time the next year however, the aftershock of the previous earthquake in my finances was starting to become evedient. Thinking I coudln't get a loan, I began wasting money on high risk investments which proved to be money down the drain. Yep, as you've stated it you wasted money. The only thing that had lead me to this was the need for smoe additional funds. Funds which could have been easier obtained via a loan, and this happens day in day out for everyone else. HOW MANY TIMES? - no it doesn't - read the 2 most recent pages of the loan forum and you will see lots of people unable to get loans Again, on paper, the solution looked to be to borrow a little more than I was due in order to provide that float I needed to get out of the rut and make up for what I had blitzed....but again they turned it down...and again the muck hit the fan and my repayment grid on experian starts to turn from green through the oranges into the reds and finally D day (Default)....now I had recognised fully the situation, I predicted exacly what was going to happen...and tried to do what works for almost everyone else (plenty of evidence on this site). I eventually got out of the rut again but it was a lot harder, it involved me losing pay going off work while i contemplated whether its actually worth caryying on or not....we're now back to that time again...and again the solution would be borrowing more...but I have a very big prblem now in that the total amount of debt has TRIPLED since I originally looked to take this route out...so borrowing more than I have in debt in order to get out is becoming very expensive...25k andI can clear my debt and have very little left to provide some comfort over the additional 10 years or so it would take to clear that loan....but despite being willing to get into that situation and live a life of hell for ever...they won't even give me that Why would anyone loan you more money? you are on a DMP for the amount of debt you already have and cannot handle, no bank wants to throw money away.....4 years of hell now...If I had just gotten that loan originally it would be almost paid off by now....and I might just be in a better place...to sit back and just accept that as the way it is is just wrong...completely wrong...can't this website with all its media exposure recognise that there can be occasions where the systems FAIL the people its supposed to help, where loopholes in their systems can tie a proverbial shackle around ones legs and condemn them to a life of poverty....i refuse to listen to things like "with the market as it is these days" "in this financial climate" etc...i call BS on all of it...I am paying more in interest/charges than I ever have, and I can't be the only one....So have you gone back to CCCS and your creditors and asked them again if they will reconsider freezing interest as was suggested 3pages ago? - Because I would suggest that that would have been making some progress.

27col

I've just finished ploughing through this lot, and, I must admit, can raise very little sympathy for this op. Who seems to be completely financially illiterate. It seems to be impossible for him to accept that clearing the existing debt with a £25k loan is not clearing the debt, but is just moving it to some other creditor. Interesting how everyone else seems to understand this, except the op. Still, as the loan is not likely to happen, at least he won't be going down that path.

jkelly81

27col wrote: »

It seems to be impossible for him to accept that clearing the existing debt with a £25k loan is not clearing the debt, but is just moving it to some other creditor.

Nobody said anything of the sort....illiterate eh?? :money:

Apples2

jkelly81 wrote: »

Nobody said anything of the sort....illiterate eh?? :money:

geoffky

You really need to grow up and become responsible for all the crap you are in,you have caused it so you need to sort it but not by taking on more debt. You are going about this in a very immature way. you do not need a loan you need to cut down on your spending and accept you are going to be paying back what you spent for years.....or go bankrupt costing £500...your choice and the only ones you have.