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Getting a loan and her credit history.

2

Comments

  • CH27
    CH27 Posts: 5,531 Forumite
    I think your mum needs to contact the CCCS.
    Try to be a rainbow in someone's cloud.
  • RichGold
    RichGold Posts: 1,244
    1,000 Posts Combo Breaker
    Forumite
    stavros1981 wrote: »
    Im part sad for your family and part angry at the cheek of her applying for another loan.

    You were the lad asking about getting a £4,500 loan for your websites by lying to your bank about your circumstances weren't you? Haven't you seen first hand how credit used incorrectly can become a real mess?

    I think we'll be hearing a lot more from you over the coming months....
    Apples2 wrote:
    What is the £1k for?
    Please tell me its not for your websites......
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • chanz4
    chanz4 Posts: 11,057
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    Forumite
    My mate does loans, terms are you may be subject to loss of limbs lol
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • JazPaz
    JazPaz Posts: 19 Forumite
    Oh sorry for not replying to the previous questions. She wanted the loan to pay off some of the debt owed.

    Basically phone up some of them and negotiate on the debt and just make a one off payment. Leaving her with only the loan she just took out to pay off.
  • Tixy
    Tixy Posts: 31,455 Forumite
    She definitely won't get a loan with her credit file, other than things like payday loans, which would be a very bad idea. Not now and not for the next 5-6years judging by the recent defaults and recent deliquent markers. Even if she could pay off all her debts, her rating is still going to be trashed for years.

    You probably won't get much more advice or help on this forum if you continue to post responses like #15.

    Suggest to her she contacts one of the debt charities and gets some help and advice from them - IMPORTANT - Where to seek professional impartial advice about your debts.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • DCFC79
    DCFC79 Posts: 40,652
    Part of the Furniture 10,000 Posts Name Dropper
    Forumite
    edited 23 June 2011 at 8:09AM
    Why doesnt she cut down on her outgoings, maybe you could get a job to help with paying off the money. I dont think wonga is the way to go really but your choice or your mums choice.

    If ML was reading this he would be on to the phone to you right away helping you to cut the outgoings
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898
    Part of the Furniture 10,000 Posts Name Dropper
    Forumite
    Are you sure that salary is not pro rata?
  • geoffky
    geoffky Posts: 6,835 Forumite
    jazpaz.....let this be a life lesson and learn from it...debt is slavery.unless you don't pay it back..
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • stavros1981
    stavros1981 Posts: 59 Forumite
    You want to work in a bank?!! pretty scary.

    They will want you to demonstrate competence with money at some point!

    Do they still do a credit check? :rotfl:

    15k will definately be pro rata! and ...i will be nice...with repsect, theyre not going to give it to you! Supermarkets, local authority, etc are more likely to employ you.
  • Tixy
    Tixy Posts: 31,455 Forumite
    Do banks employ under 18s? and yes they still do credit checks.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
This discussion has been closed.
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