Question on taking loans from bank

gino_76ph

Definitley i'll tell them the truth about my salary, etc.

So, should i take out a loan of only £2500 and pay it for 12 months or 24 months?

Can i tell them that i need it to out into a deposit for moving out?

Apples2

gino_76ph wrote: »

So, should i take out a loan of only £2500 and pay it for 12 months or 24 months?
Can i tell them that i need it to out into a deposit for moving out?

Don't take out loans for any more money than you actually need. Repay as quickly as you can without exposing yourself to potential difficulties.

On the assumption you will be telling them where you live when applying, it would be best to give it straight, the money is for a Rental Deposit prior to moving (remember to update your new address details with them).

gino_76ph

Told them everything and...was declined. I'm very furious!!! Thinking that having a stable/permanent NHS jobs having been paying all my debts using my cards clearly wasn't enough for them.

I don't understand why in this country the way they credit check you is a bit ridiculous in my opinion. they want you to have zillions of credit cards & loans because maybe that way they will think that you can "afford" and capable of paying debts. it's simply outragous.

I don't know what to do now. do i still have any more options?