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Employed, £1ooo+ a month, and need personal loan

keepitreel
keepitreel Posts: 4 Newbie
edited 28 July 2012 pm31 4:03PM in Loans
I need a £3000 personal loan
My salary is a bit more than £1k monthly paid to my bank hsbc
I graduated in Nov 2010
Got refused by hsbc as I ve just been employed 3 months ago
They said they need to see regular money coming in...
Missed a £400 payment to wonga in April 2012 as I was not employed and my credit score isn't great

I need £3000 loan urgently, could anyone kindly advice regarding how can I get one?
«1

Comments

  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    keepitreel wrote: »
    I need a £3000 personal loan
    My salary is a bit more than £1k monthly paid to my bank hsbc
    Got refused by hsbc as I ve just been employed 3 months ago
    They said they need to see regular money coming in...
    Missed a £400 payment to wonga in April 2012 as I was not employed and my credit score isn't great

    I need £3000 loan urgently, could anyone kindly advice regarding how can I get one?
    How much spare income do you have? £1,000 a month is barely enough to cover living costs.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • Yes It is, I don't have many bills to pay and I am able to keep my spare income up to £350 monthly..
  • gingeralan
    gingeralan Posts: 224 Forumite
    Eighth Anniversary 100 Posts Combo Breaker
    I think u need to learn how to manage money before taking a 3k loan. If you missed a payment to Wonga I can't see any reasonable mainstream lenders touching you.
  • BugsyBrowne
    BugsyBrowne Posts: 5,697 Forumite
    You've got no chance with a 3k loan especially only missing a payment 3 months ago.

    Save up its your only option.
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    keepitreel wrote: »
    Yes It is, I don't have many bills to pay and I am able to keep my spare income up to £350 monthly..
    Not according to the bank. With a recent late payment on your credit record it's unlikely you will be able to borrow at reasonable rates.

    If you can save £350 a month you will have £3,000 in less than a year.

    What do you need £3,000 so urgently for? You could try credit cards.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • maginot
    maginot Posts: 484 Forumite
    Part of the Furniture Combo Breaker
    What is it you need they £3k for, as we may be able to help find alternatives to borrowing money?

    It is unlikely you are going to be able to get a loan from a mainstream lender with only a couple of months of work (employers could easily dismiss you for no reason in this time). Also you have had payday loans which doesn't help and also missing a payment.

    If you have £350 spare after all bills are you not able to save for 8/9 months?
  • Thanks for the feedback.
    I need the £3k to immediately buy a car to get to work and pay back family/friends who have been waiting for long time and can not keep them waiting until I save up..
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    keepitreel wrote: »
    Thanks for the feedback.
    I need the £3k to immediately pay back family/friends who have been waiting for long time and can not keep them waiting until I save up..
    What would happen if you did not pay them back at £350 a month for the next 10 months?

    Would they take you to court to enforce the debt?

    Do you have any assets you can sell?

    Edit: You have edited to add a car....How do you get to/from work at the moment?
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • maginot
    maginot Posts: 484 Forumite
    Part of the Furniture Combo Breaker
    Definitely do as Happy states, why waste an extra £1k -£2k-£3k on interest. Your friends/family must know you have only just gained employment and are unlikely to get a loan straight away.

    Pay back your friends/family in the first couple of months and then save for a car in the next few months.
    You have been able to get to work for the last 3 months so use this method until you have more job security.
  • No they won't take me to court, I just want to give them their money back and keep the relationship good and for the long term..I'd like to pay them in full NOW and prefer dealing with a bank as I am able to pay £300 monthly.

    I really need this loan now, I take 2 buses plus a train now to get to work.
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