Am I eligible for a loan or credit card?

Glamourpuss23

Hi, I am sorry if this is a stupid question or posted in the wrong place but I'm a bit desperate.

I am unemployed but claim benefits for being a full time carer for a relative & I get income support. Do you think its possible that I could get a loan or is it impossible because I'm not properly employed or getting a proper income?

My credit rating isn't perfect but its not bad either.

I would appreciate any help & advice.

Tixy

It depends on what sort of amount you were hoping to borrow and over how long.

A small number of lenders will consider benefit income when assessing a loan but not many. But as your income would be very low and so you ability to repay only a small amout each month it would only be likely to be a relatively very small loan.

What are you hoping to borrow for? maybe someone could suggest alternatives solutions instead of a loan?

Glamourpuss23

I just need about £300-£500. I could easily pay back about £30 a month.

forgotmyname

What do you want to borrow it for though? There are places that maybe able to help.

opinions4u

In what way are you "desperate"?

If you can't get credit, what will you do?

iolanthe07

Small loans like this are available through credit unions, though with some of them you have to save for a few months first. For heaven's sake don't fall into the payday loan trap.

Upsidedown_Bear

Would a "budgeting loan" be appropriate for you?
https://www.gov.uk/budgeting-loans

Glamourpuss23

iolanthe07 wrote: »

Small loans like this are available through credit unions, though with some of them you have to save for a few months first. For heaven's sake don't fall into the payday loan trap.

Thanks for the advice. I definitely do not want a payday loan. I have savings because I save money for when a cat needs vet treatment. My pet is at the vet now & the bill is expected to be a little over. I can borrow from family but would need to pay back much sooner than I would like.

(I thought it was rude of the person further up to ask what its for because its nobodys business. I only wanted advice on how I could get a loan while on benefits. But I guess people assume I'm a sponger for a living. My brother is autistic and needs full time care. That's why I get benefits).

Glamourpuss23

Upsidedown_Bear wrote: »

Would a "budgeting loan" be appropriate for you?
https://www.gov.uk/budgeting-loans

Thankyou. Somebody told me they don't do them anymore but I'm going to try because this seems like my best option.

Upsidedown_Bear

Glamourpuss23 wrote: »

Thankyou. Somebody told me they don't do them anymore but I'm going to try because this seems like my best option.

Budgeting loans still exist, it's crisis loans that don't anymore.
https://www.gov.uk/crisis-loans

I hope you get it sorted

sulkisu

Glamourpuss23 wrote: »

(I thought it was rude of the person further up to ask what its for because its nobodys business. I only wanted advice on how I could get a loan while on benefits. But I guess people assume I'm a sponger for a living.

Nobody called you a sponger. As for it being nobody's business what you need the loan for - people ask because it might make a difference to the options available to you (loans or grants might be available for specific things), or if a loan is not available posters may be able to advise you on other sources of help.