Looking for £7,000 loan.

JoshBee25

I'm 19 year old I earn £1,000-£1,500 a month after tax

The money is for a new car to pay the insurance of in one an consildate other debts etc, barclays have said I may get one at the end of the month I've got to keep checking I don't have amazing credit but have had my overdraft from £100 to £1120 since September barclays say I've had 2 chances of a loan but took overdraft increases instead which inregretted but also never knew who is the easiest place tO get a loan with under my curcumstances.

AHAR

JoshBee25 wrote: »

I'm 19 year old I earn £1,000-£1,500 a month after tax

Niiiice!
Just save up!
HTH.

arabellaB

That was nice. Good Luck with your loan.

DCFC79

Just save up for 3 or 4 months and buy a cheaper car

attila_

7000 for a new car?! Are people nuts?!

Buy a 1500 car, especially at your age.

Apples2

And pay a years worth of insurance back over 3/4 years?
What is your grand plan for next years insurance if you already have this loan outgoing?

I think Barclays implied you had two HOPES of a 7k loan.

Save up and get rid of that crazy overdraft.

KingElvis

You plan makes about as much sense as a Japanese VCR instruction manual.

You earn too little, have little grasp of budgeting and are buying a banger beyond your means.

I can offer no practical advice but I would bet you the 7k that Barclays don't go any where near this tempting little offer.

Peelerfart

What colour is the corsa you want OP?

and the two hopes you have are Bob and no

IMHO

Miss_Spendalot_2

attila_ wrote: »

7000 for a new car?! Are people nuts?!

Buy a 1500 car, especially at your age.

I think if you read the post you will see that the OP says he wants it for a car AND Insurance. at His/Her age even if they did buy a car for £1500 the insurance will be thousands, hence they want to borrow so much.

Well whatever happens OP you are going to spend a lot of money, My advice to you would be put off buying a car for a while, start saving etc. The longer you hold your license the more affordable the insurance will be, plus it will give you time to save up.

I know when you pass your test the urge to get a car is immense but hang on in there all good things come to those that wait :j

Well so my Mother used to tell me....

YorkshireBoy

Miss_Spendalot wrote: »

The longer you hold your license the more affordable the insurance will be, plus it will give you time to save up.

Savings interest rates are currently 2.4%ish after tax.

With each birthday may come a 5% reduction in premium.

Insurance costs, particularly for youngsters, are probably rising at 20-30%.

Better to get on the 'insurance ladder' sooner rather than later in my opinion.

tell_it_how_it_is

You mention you are 19 and have existing debts and a largish overdraft, so my advice really would be to first start addressing why at such a young age you are already struggling to make ends meet, rather than saddling yourself with even more debt.

I appreciate this sounds like a lecture, but it's merely just my thoughts and advice on considering your existing income and outgoings before it has chance to get silly - even more so if you are still "living at home".