Looking for £7,000 loan.

Catherine_Johnson_2

Mara69 wrote: »

I love the innocence of youth.

I'd change the 'innocence' for 'arrogance' in this instance.


The OP can probably get himself a loan, but it is sensible in this instance? Almost definitely not.

5 years to pay off 1 year's insurance? Pay day loans already. Overdrafts. Getting his father to 'front' his insurance. Spells disaster to me. Still, the young learn by these mistakes. Or some do anyway.

Maybe his father should be stepping in and giving advice. Possibly charging him rent too so he can learn, hopefully, to live within his means.

JoshBee25

Look at the end if the day it isn't arrogance, I'm doing something in my life I want to so why have such a negative view towards it? I've had payday loans I've ha all sorts but this will be my only monthly outgoing with sky orange buss pass etc so I'll be putting £500 away each month £405 for bills and £95 just saving up, as well with what left with the loan I'll he laughing because when my policy's due again I'll pay it out right with money I've saved also I'll have less outgoings with contracts ending etc so more will be saved don't just think because I'm young I crave to get stuff I've sat and worked my outgoings and a lot of things out.

19lottie82

I'm quite impressed that in 24 hours you went from talking about loans to having applied , got instant acceptance, got the forms sent through and "signed for it".

TrueUnitedFan

JoshBee25 wrote: »

Look at the end if the day it isn't arrogance, I'm doing something in my life I want to so why have such a negative view towards it? I've had payday loans I've ha all sorts but this will be my only monthly outgoing with sky orange buss pass etc so I'll be putting £500 away each month £405 for bills and £95 just saving up, as well with what left with the loan I'll he laughing because when my policy's due again I'll pay it out right with money I've saved also I'll have less outgoings with contracts ending etc so more will be saved don't just think because I'm young I crave to get stuff I've sat and worked my outgoings and a lot of things out.

Josh, if i am honest, i salute you for what you've done, it's not exactly your putting the money to bad use, your using for something constructive and productive.

Best of luck!

KingElvis

Look at that pig flying past......hamazing

PedroMatias

JoshBee25 wrote: »

£7.500 - 60 months, £9024 ... £150.


I can't get what?

Well, if true, you've just taken the first step on the 'living in debt' journey. The bank dangled their carrot and you went chasing it.

I made the same mistakes as you, and as you'll see from my signature I am over five figures in debt and I regret every second of it.

Debt should never be used for luxuries - holidays, £3k cars... If you still have the chance, I'd say downsize your expectations, save up for a while, and buy a cheaper car. Somehow though, I'm not sure you'll listen to my advice.

JoshBee25

Let's face it, half of you would love to see me not get illy loan I'd understand if I said I'm investing it in stocks or something useless its a step forward in my life.

19lottie82, your a bitter old women I've probably got better credit then you also welcome to the 21st century were you virtually sign over the Internet...

attila_

Josh have you considered a maintenance budget? What about if turbo/cambelt/dmf fails? These are all repairable but around £1000.

DCFC79

JoshBee25 wrote: »

Let's face it, half of you would love to see me not get illy loan I'd understand if I said I'm investing it in stocks or something useless its a step forward in my life.

19lottie82, your a bitter old women I've probably got better credit then you also welcome to the 21st century were you virtually sign over the Internet...

At the end of the day its your money so what you do is up to you, if you get the loan then good for you but if not then its not end of the world.

JoshBee25

attila_ wrote: »

Josh have you considered a maintenance budget? What about if turbo/cambelt/dmf fails? These are all repairable but around £1000.

No chance of turbo going with no turbo, I'm getting a 1.9 cdti diesel vectra.
I appreciate where your coming from buy I've went over budgets maintenance etc and worked it all out I wouldn't put my self into a position I couldn't handle where half the people on this forum don't understand.