How on earth can I get a loan ...

Irish_Paddy

ok so heres the deal,

am living the in the UK just over a year now, I have one default on my credit file which I am about to dispute ( as I never got a warning .. just a letter from the debt collectors.. stupi people ! anyway that was all paid ) .. that was in June.

I have also open up my bank accounts, credit card etc etc meaning I have searches on my account also ( some I was declined ) , and have moved house... all meaning my credit score is a nightmare and seemingly the bank dont cant to give me a car loan even though my wages each month go directly into it.. and I get a decent wage.

Can anyone give any advice to me about how on earth to get a loan / hire purchase etc etc .. as i REALLY want to get a car.

I can afford about £200ish a month to payback on a loan, and I have seen the adverts for " no matter your credit history " etc etc .. but have heard scary things about these kinda places.

So basically, appauling credit score ( which I am trying to build but not that easy when your a tenant and not at one addy for 3 years ! ) ..... self employed,but with regular income as am on a regular contract for the place am with and have been for over a year.

Any advice anyone might have would be great

Damn computers running banks.. bring bank the good ole days of knowing their customers !!!!!

Paddy

( ps the car I want to buy in a Pug 206 ... second hand )

asandwhen

you have only been in the country a year you have already moved twice and already defaulted on a credit card - I wouldnt give you a loan and i think you would be hard pushed to find anyone that would.

lynzpower

cant you just save up for it- if you have a good wage and no other debts, then maybe this is a good plan ?Much cheaper to do it this way too.

I agree with other poster, I think most high st banks would decline you. You can alsways go with a non high st lender, but I wouldnt touch these with a bargepole TBH.

Irish_Paddy

asandwhen wrote:

you have only been in the country a year you have already moved twice and already defaulted on a credit card - I wouldnt give you a loan and i think you would be hard pushed to find anyone that would.

hello sorry, maybe I did not make myself clear !!

1) I have been living int he country for over a year, however my 12 month lease has ended in the place I was living thus meaning I am moving closer to the town that I live in, hence the move of address


2) I have not defaulted on ANY credit card. I have never had a late payment on any credit card, household bill or my current mobile phone which I have almost 9 months. The default was from mobile phone company " three " who did not contact me in relation to an outstanding amount when I thought the account was closed they passed it directly to a debt collector.

3) I am on the electoral roll also

cheers,

Paddy

Benny21

Get yourself a secured personal loan if at all possible. Secured personal loans will first, allow you to secure a higher pound amount on your personal loan, second, allow you to secure a lower personal loan rate, and third, give you a greater incentive to pay back your personal loan regularly as your home may be at risk if you were to default on your personal secured loan.

lynzpower

benny , he cant get a secured loan as he lives in rented accomodation

Guy_Montag

save up, you can get a crappy car with 6 months tax & mot for about £500 if you look about. (check out adverts in your local supermarket).

keep it for 6 months & you should have saved £1200, allowing you to buy a better car when the tax & mot run out...

digitalphase

If you want a Pug 206 you can get older ones for around £2k and if you're self employed with a secure contract hopefully it wouldn't take that long to save up?