need new loan

annie1986

hi me and my partner have just moved to live by the sea,at the moment i have a £5000 loan and £2500 on a credit card owed,as i am the only one working at the moment my partner does not start until end of july,but we are struggling with money and want to get a £10000 loan to pay off the loan and card but this would be on my wage of take home pay about £950 oer month,is it possible to get a loan to do this on my wage ,i dont mind paying a bit higher intrest .also the £5000 is quite a new loan about 6 months old. any ideas please.

Tixy

Hi

Sorry but on your salary (around £13,500?) absolutely no chance of a loan of £10k. People are struggling to get new credit taking them above 50% of their income, you are already at that level with your existing debts.

What did you want the extra £2500 for? (in case people can suggest other possible options or ways to help you).

annie1986

Tixy wrote: »

Hi

Sorry but on your salary (around £13,500?) absolutely no chance of a loan of £10k. People are struggling to get new credit taking them above 50% of their income, you are already at that level with your existing debts.

What did you want the extra £2500 for? (in case people can suggest other possible options or ways to help you).

the extra was to have a bit put by to sort the new flat and to get passports sorted,to go see my family back in france .also we could do with a second hand car not on finance.

chalkie99

Wow!

You have moved by the sea, want to have "a bit put by", spend on your flat, get passports, go on holiday, buy a car ............

It all sounds lovely until you realise you would be doing all of this on credit!

To make matters worse you already have a lot of shiny new credit with not much payment history and I imagine your relatively low wages disappear on monthly living costs.

Please don't get yourself further into debt and don't be tempted by anyone who offers credit at at the higher interest rates you seem not to worry about.

This really is a recipe for disaster. Perhaps try and see if CAB can give you some free advice.

StuTheDon

No chance I'm afraid. You are already way over what you should have, and cannto afford a loan of 10K. I think you need to focus on getting those debts cleared off before thinking about holidays and cars.

ExNicotineQueen

Why don't you pop over to the Debt Free Wannabee board and post up your Statement of Affairs over there? They can help with ways to reduce your outgoings.

Blackpool_Saver

Try natwest

KingElvis

Blackpool_Saver wrote: »

Try natwest

LOL, no way would Natpest be helping in this little 10k venture into sun, seaside and bangers :rotfl:

LovelyLeeds

chalkie99 wrote: »

Wow!

You have moved by the sea, want to have "a bit put by", spend on your flat, get passports, go on holiday, buy a car ............

When you sum it up so succinctly and precisely as you have, in the cold light of day - it makes you wonder why people think taking a loan is such an easy seamless thing to do.

bouncydog1

annie1986 wrote: »

we are struggling with money and want to get a £10000 loan. any ideas please.

Yes - go over to the debt free board and post up a full statement of affairs and see where you can save money on your outgoings.

Where did the £5k loan go? You also have cc debt of £2.5k so clearly cannot manage your money.

You need to think about cutting back so that you can meet your commitments on what you earn - getting another loan will not solve anything it will simply put you further into debt.

Have a think about how you can increase your income - second jobs - bar work, taking in ironing, hedge cutting, dog walking etc. etc.

blacksta

lol


you are struggling on 7500 but yet u want another 10k - Please listen yourself you sound like a spoilt brat .