We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
Sainsburys loan application
Comments
-
I will be applying for 7500-15000 loan on 5.5 APR soon but dont have a landline will they reject my application due to that. Also i will not be able to provide 3 yr address only 2 yrs. I dont have any credit card or loan this is the first i am applying for and in full time employment earning 28000 annually.
Why?
If you have no credit history then i doubt you'll be accepted....DEBT FREE AND PROUD
'Better to remain silent and be thought a fool than to speak out and remove all doubt'0 -
moved to UK in 2010 from abroad. I do pay monthly phone bill which i have never missed0
-
Well you have to be in the UK for longer than that i would imagine.
'You must have been a UK resident for 3 years or longer'
This was from Natwest for example...DEBT FREE AND PROUD'Better to remain silent and be thought a fool than to speak out and remove all doubt'0 -
You'll struggle to get £15k on only £28k salary even if you were squeaky clean with a long history of repaying your debt. Short time in the UK and only paying a mobile phone is no guarantee you can manage such a huge debt.Thinking critically since 1996....0
-
Hi all,
I too have just applied for a Sainsburys loan and have gotten the 72hrs message!
I have been trying to improve my credit rating over the past 5 years and now finally have 'Good' credit rating...
My pain is that i currently spend over £800pm on 22K worth of debt across multiple cards and a loan (which my folks took out for me over 5yrs back). Interest on my main card is painful to read at over £100pm!
I want to take the loan back off my parents and clear my cards in to one loan. My salary is just over £50K and hope to god i can get this loan!
Think i will call them tomorrow and see what the score is!
Fingers crossed!0 -
bluenoze22 wrote: »Hi all,
I too have just applied for a Sainsburys loan and have gotten the 72hrs message!
I have been trying to improve my credit rating over the past 5 years and now finally have 'Good' credit rating...
My pain is that i currently spend over £800pm on 22K worth of debt across multiple cards and a loan (which my folks took out for me over 5yrs back). Interest on my main card is painful to read at over £100pm!
I want to take the loan back off my parents and clear my cards in to one loan. My salary is just over £50K and hope to god i can get this loan!
Think i will call them tomorrow and see what the score is!
Fingers crossed!
How much is your current debts?0 -
Hi there...
In principle it comes to 22K - But 11K of that is in my dads name...So the other 11K is mine...When applying for the loan for consolidation i have put this 11K down as mine as i don't want it to look random asking for double what i need to pay off!0 -
bluenoze22 wrote: »Hi there...
In principle it comes to 22K - But 11K of that is in my dads name...So the other 11K is mine...When applying for the loan for consolidation i have put this 11K down as mine as i don't want it to look random asking for double what i need to pay off!
So you've asked for a 22k loan or 11k?0 -
I've asked for 22K...This will then cover the loan my parents took out for me, and will get rid of my 2 cards...0
-
Sainsburys Loans are basic are ids, wages etc
sainsburys bank do often go into checking your credit report. you have to wait 7 days or 10 working days to found out if you are successfull or not0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards