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.

📨 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!

Borrowing 5k witha ccj

myright
myright Posts: 689 Forumite
in Loans
Where can I borrow around £5k from with 1 satisfied CCJ.

But other than that my credit history is pretty good as I make all my payments on time. i.e mobile contracts for 2 years, a credit card for 1 and a half years.

Wheres the best places to be looking. What are are the going rates?

I have no other loans or mortgage. ( I am a house owner too)
«1

Comments

  • RichGold
    RichGold Posts: 1,244 Forumite
    1,000 Posts Combo Breaker
    myright wrote: »
    What are are the going rates?

    5k with a CCJ? If you do find a company mad enough to lend you that amount you'll be hocking you're whole future.
    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
  • myright
    myright Posts: 689 Forumite
    oh ok, so what is realiestic . I havent done this before,.
  • Poosmate
    Poosmate Posts: 3,126 Forumite
    Honest answer from me is I don't know.

    However, you're not going to know unless you try.

    I would suggest you look at the comparison sites and aim high for your first application. When I say high I mean the one offering the lowest interest rate.

    If you get knocked backon their best rate, they may offer you a mid range rate or even a sub-prime rate. Bear these in mind and keep an eye on the comparison sites. Don't make more than 3 applications or if you do, wait 3-6 months before making another.

    Hope that helps.

    Poo
    One of Mike's Mob, Street Found Money £1.66, Non Sealed Pot (5p,2p,1p)£6.82? (£0 banked), Online Opinions 5/50pts, Piggy points 15, Ipsos 3930pts (£25+), Valued Opinions £12.85, MutualPoints 1786, Slicethepie £0.12, Toluna 7870pts, DFD Computer says NO!
  • BoGoF
    BoGoF Posts: 7,098 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    myright wrote: »
    Where can I borrow around £5k from with 1 satisfied CCJ.

    But other than that my credit history is pretty good as I make all my payments on time. ( I am a house owner too)

    Your credit history is not 'pretty good' with a CCJ, satisfied or otherwise. The most important info is your income?
  • myright
    myright Posts: 689 Forumite
    im earning, £17k a year.

    poosmate can you please recommend me some comparison sites.
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    Give it 6 years and you'll be fine.
  • creditcardhelp11
    creditcardhelp11 Posts: 399 Forumite
    What do you need a loan for? Your CCJ will affect you until it is removed after 6 years. You may have better luck trying for a 0% purchase card i.e. the creation mastercard and they sometimes give very good limits. Though it depends how they view your CCJ. You will not get a prime loan.
  • geoffky
    geoffky Posts: 6,835 Forumite
    Its not going to happen..5k earning 17k and a ccj will send most lenders running for the hills..the others will want over 40% apr..Not what you want to hear but stay away from the sharks..
    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.
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    myright wrote: »
    Where can I borrow around £5k from with 1 satisfied CCJ.

    But other than that my credit history is pretty good as I make all my payments on time.

    LOL I'm sure lenders will be falling over themselves trying to win your business
  • EllaBeagle
    EllaBeagle Posts: 390 Forumite
    creditcardhelp11 wrote: »
    What do you need a loan for? Your CCJ will affect you until it is removed after 6 years. You may have better luck trying for a 0% purchase card i.e. the creation mastercard and they sometimes give very good limits. Though it depends how they view your CCJ. You will not get a prime loan.

    Is that really any of your business?
    :j Comping wins: Gig tickets, Lovemydog tag, Country Livings Christmas fair tickets

    Freebies: Redken hair product, Cow teddy, Pebble grey illuminated compact mirror.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245K Work, Benefits & Business
  • 600.6K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture