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Loan Advice

WISEYC
WISEYC Posts: 31 Forumite
in Loans
My GF is wanting a loan of around 4500 - 5000 to clear her 3 CCs. I would say she has an average or maybe slightly below average credit rating. Which companies is she best trying with?:j
She is employed but on maternity until May but pays her bills on time every month so should help.

Any advice appreicated before I apply for her & put footprints on her rating!
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Comments

  • DCFC79
    DCFC79 Posts: 40,652
    Part of the Furniture 10,000 Posts Name Dropper
    Forumite
    Her own bank for starters
  • WISEYC
    WISEYC Posts: 31 Forumite
    DCFC79 wrote: »
    Her own bank for starters

    HSBC seem to have tightened their lending significantly recently
  • Wutang_2
    Wutang_2 Posts: 2,513 Forumite
    WISEYC wrote: »
    HSBC seem to have tightened their lending significantly recently

    They all have - best first option
    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
  • WISEYC
    WISEYC Posts: 31 Forumite
    HSBC have declined as I thought they might do

    where is best to go next who may have more relaxed (if possible) borrowing facilities for loans
  • DCFC79
    DCFC79 Posts: 40,652
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    WISEYC wrote: »
    HSBC have declined as I thought they might do

    where is best to go next who may have more relaxed (if possible) borrowing facilities for loans

    Im pretty sure they say if your own bank wont lend no other main stream lender will.
  • WISEYC
    WISEYC Posts: 31 Forumite
    DCFC79 wrote: »
    Im pretty sure they say if your own bank wont lend no other main stream lender will.

    oh well back to the drawing board
  • Hazzinho
    Hazzinho Posts: 742 Forumite
    The problem is the banks don't know you're paying the debt. they see it as increasing the debt to £10k. If £10k is more than half her income you can see the problem.
  • DCFC79
    DCFC79 Posts: 40,652
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    WISEYC wrote: »
    oh well back to the drawing board

    Dont take my word for it as i say im pretty sure, maybe wait for someone more experienced to say if im correct or wrong.
  • fadetogrey
    fadetogrey Posts: 1,648 Forumite
    DCFC79 wrote: »
    Dont take my word for it as i say im pretty sure, maybe wait for someone more experienced to say if im correct or wrong.

    you are correct but im wondering why the OP is going to apply for her?
    counting down the time I got left.:beer::beer:
  • DCFC79
    DCFC79 Posts: 40,652
    Part of the Furniture 10,000 Posts Name Dropper
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    fadetogrey wrote: »
    you are correct but im wondering why the OP is going to apply for her?

    Well i wondered that myself
This discussion has been closed.
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