Unsecured Loan.

craigmcc

Hi, Just looking for some advice on getting an unsecured loan, firstly for a car and some home improvements in my parents home .

I reckon between 10-15k will be needed..


I haven't checked my complete credit scoring, but using the non footprint check it returned a result of "fair".

I currently have a credit card with about 1000 on it, haven't missed a payment and shouldn't struggle to in the future.

I'm 20, 21 in the next few months .. currently i earn around 11000 ..only work part time at present but will be looking to increase my hours and earn between 17-20k once I take out a loan.

Would I have any problems obtaining say 13k, and if not where would be the best place to apply?




Thanks in advance

Craig :T

chani1

to be honest i think you'll find it hard to get a loan at your age i no with my comp you have to be 21+, you will also find it hard on your income if you increase your hours before you apply then that would be better lenders can't take your word for it that your wage will go up once you have a loan. There are also many other factors like been on ER.
Don't mean to be harsh but why are you wanting to pay for the HI when its your parents house? If I were you you'd be better off just saving your money up to buy your own car maybe even a save for a house...trust me take advantage on saving your money whilst living with your parents as it only gets harder!!!!

craigmcc

chani1 wrote:

to be honest i think you'll find it hard to get a loan at your age i no with my comp you have to be 21+, you will also find it hard on your income if you increase your hours before you apply then that would be better lenders can't take your word for it that your wage will go up once you have a loan. There are also many other factors like been on ER.
Don't mean to be harsh but why are you wanting to pay for the HI when its your parents house? If I were you you'd be better off just saving your money up to buy your own car maybe even a save for a house...trust me take advantage on saving your money whilst living with your parents as it only gets harder!!!!

I was considering moving out , but in the long term I reckon doing a loft conversion and having my own part of the house will work out cheaper than paying rent every month and supporting myself in regards to utility bills etc.

Is it not possible to perhaps stretch the truth on your earnings when applying?

I have seen some companies who allow 18+ to apply, just need to find one who would accept me.. Would be able to pay around 300 a month.

Rusco

Whats happens if you decide you want more of your own space with a partner, it will make it difficult with 15k of debt....