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Faster way of clearing existing debt
Comments
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Fair point. I've never had a personal loan, myself, so don't know what effect it would have on credit rating. I was guessing that the debt would be a negative factor in terms of what would be offered, but I guess as you say the fact that he's paid it every month has got to be positive.They have also showed reliability from the loan account, possibly have a mobile contract too and their salary to debt and available credit ratio is very good. I'd say there is a very good chance. If not, then they can revert to the loan option through RBS although this should be very much a backup plan.
Either way, there's little harm in trying once. And a lot to gain if it works.0 -
Let us know how it goes.0
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