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Why wont anybody lend....desperate for advice

cameron1982 · 2013-04-03 16:15:21

My partner has spent the last 6 years building his credit back up from nothing after settling an IVA which no longer shows in his credit file. Both equifax and experian credit score him as good to almost excellent (equifax is 501 out of 600) and experian is 898 out of 900). He is in the electoral register. He has never had…

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happycamel_2 Posts: 592 Forumite

4 April 2013 at 5:27PM

Rather than taking a loan and then paying back the capital plus interest for months on end, wouldn't it be better to save up and buy the stuff outright? That would reduce risk too as he's going from a salary to the income of a trainee electrician and, presumably self employed.

I'm a qualified accountant but please make sure you get expert advice as any opinion is made in a private capacity.
"A goal without a plan is just a wish" Antoine de Saint-Exupery

Mortgage overpay 2012: £10,815; 2013: £27,562
Mortgage start £264k, now £232k
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Why wont anybody lend....desperate for advice

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