declined for loan - tesco, sainsburys, halifax - what can i do ?

HappyMJ

masterwebxyz wrote: »

yeah but how i can make a credit history if nobody lends me ? i cant take a loan not even 1.000 so i cant improve...its vicious circle...

i need to eat but i dont have the bread...and the shop its closed...ABSURD

You start small.

Register to vote.

Get a full time job earning at least minimum wage within walking/cycling or public transport distance of home.

Get a store card....pay it off in full. Use it every now and again...keep paying in full.

6 months later apply for a credit card. Use it regularly and always pay off in full.

Now a year later a personal loan for £5,000 should be approved. If you missed a payment or got a payday loan at any time then it will not be.

Apples2

Can we assume this us a troll thread then?
You don't need money to buy bread if the shop is shut.

Nobody will lend you a thousand pounds, you need to forget this idea. You have taken out pay day loans. Everyone knows you cannot repay a loan because you have already used loans so you can buy bread just to eat.

Sell your little market stall and start saving. Treat yourself to a fresh full load of tiger bread with the proceeds.
Once your belly is full, start saving money so you can buy things instead of relying on others giving you handouts.

masterwebxyz

HappyMj

i am already registered to the electoral vote - its confirmed in the experian account.

which store cards do you mean ? clothes stores? or prepaid cards ?

BugsyBrowne

HappyMJ wrote: »

You start small.

Register to vote.

Get a full time job earning at least minimum wage within walking/cycling or public transport distance of home.

Get a store card....pay it off in full. Use it every now and again...keep paying in full.

6 months later apply for a credit card. Use it regularly and always pay off in full.

Now a year later a personal loan for £5,000 should be approved. If you missed a payment or got a payday loan at any time then it will not be.

There are people with years of credit history who are struggling to borrow and you suggesting someone with only a years history should be approved for a 5k loan is silly IMO.

masterwebxyz

HAPPYMJ

and i cant work like employed...because i have a romanian nationality - we are allowed to work only like self -employed or we do need a blue card to work like employed.however after this year the restrictions will be raised.

BugsyBrowne

masterwebxyz wrote: »

HAPPYMJ

and i cant work like employed...because i have a romanian nationality - we are allowed to work only like self -employed or we do need a blue card to work like employed.however after this year the restrictions will be raised.

Go back to Romania and get a job then:mad:

masterwebxyz

oh yeaaaaaaaaaaaaah GREATEST ANSWER.THANKS FOR THE HELP BUGSY.

YOU WRITE VERY bogus.

TadleyBaggie

I call troll. Romania has been a member of the EU since 2007, and so you are free to work in the UK. So get a job!

tlh858

The real reasons:

1. You are self employed as a market trader with no history of any income from that profession. A market trader is also considered a high risk, unreliable source of income. Construction isn't much better either, and the self employed aspect only makes it worse.

2. You have no credit history with any proper lenders - no credit cards, no loans etc. One mobile phone is of little relevance.

3. You have taken out payday loans in the past - this means you had no money left on several occasions and therefore would have been unable to make the monthly repayment for any loan or anything else.
Payday loans are a sure sign that the person is either unable to manage their spending properly or is living beyond their means.

4. You require this loan for business purposes - a business which you have only just started and therefore have no idea of how well or badly it will do.

dealer_wins

masterwebxyz wrote: »

it must be a solution for everybody like PITAGORA said - any problem has at least 2 solutions !

The 2 solutions are:

Mum

or

Dad