Loans

john1986

basically only everyday loans are accepting us but we really do need a loan and there charging a forune any ideas out there ? am i more likely to get a home owner loan than just a personal one? please help

chanz4

Whats your credit file / debts like?

simon2010

How much u need to borrow?

simon2010

On the same note:-

Why are the high streets not interested in people with debts, they are practically forcing people to these sh!te lendings like everyday, provident, PDL's, it is soooo annoying.

1. Why are there no professional companies set up for middle lending (e.g. 15-20% loans)?
2. Why are the high streets not forced into lending to people in serious debt, say over £15000. If you are working full time and on reasonable income you should be allowed to borrow to clear the debts and be allowed to pay the money back over a longer period of time e.g. 15 years or something. However, as a remedy to stop you going into further debt your credit file has a block on it to stop you applying for more credit until THAT DEBT IS SETTLED IN FULL. Problem solved!

Before you start - I know it wont ever happen, but would contain the problem, get rid of high interest lenders etc, and enable people to get back on their feet! Plus it would encourage people to get out of debt quicker!!

john1986

debts would be lots better if we got the loan and were after 5K

DCFC79

Income ?

What are the debts though ?

So its for debt consolidation.

simon2010

Whats your debts? Who to? How much? Are u behind on payments?

DCFC79

simon2010 wrote: »

On the same note:-

Why are the high streets not interested in people with debts, they are practically forcing people to these sh!te lendings like everyday, provident, PDL's, it is soooo annoying.

No 1 is forcing people to use PDL's, people can make they're own decisions.

simon2010

That is true, but people do use them and they shouldn't! Problem 99% of people who use them, use them for the wrong reasons, not for what they are suppose to be used for e.g emergency money when stuck somewhere or other.

Something is wrong.....

DCFC79

simon2010 wrote: »

That is true, but people do use them and they shouldn't! Problem 99% of people who use them, use them for the wrong reasons, not for what they are suppose to be used for e.g emergency money when stuck somewhere or other.

Something is wrong.....

Now that I agree with, if used correctly eg as an emergency and paid off asap then no problems arise.

Apples2

simon2010 wrote: »

2. Why are the high streets not forced into lending to people in serious debt, say over £15000. If you are working full time and on reasonable income you should be allowed to borrow to clear the debts and be allowed to pay the money back over a longer period of time e.g. 15 years or something. However, as a remedy to stop you going into further debt your credit file has a block on it to stop you applying for more credit until THAT DEBT IS SETTLED IN FULL. Problem solved!

Why don't we make it £4,000? It would be a lot more manageable.

Why should people be ALLOWED to pile up £15,000 worth of debt they cannot, in a million years, ever be in a position to repay?

Why should ANYONE be forced into lending money to someone who is not making repayments, who would fund this scheme?

Why do people think taking a huge consolidation loan CLEARS debt?

There isn't much of a middle ground for money lending. People are either likely to repay, or not a cat in hells chance of repaying. I can't see much of a market for the "might make most of the repayments but might decide to take a few holiday periods or might "lose" his bank card" type applicants.