Loan for self employed

emmalita

Hi I am looking for a £10000 loan to purchase a caravan. I have recently cleared a loan several years early from hitachi personal finance. They have been sending me emails offering another loan but I have read reviews and have been put off. I thought they were a decent company and had no problems with them so should I just ignore all the reviews?

Also I have looked at sainsburys loans and they say I can't use net profit from a business as income? I am a childminder.

The caravan park use Barclays finance who I have a small loan with now. Don't know how to go about it, I want to avoid multiple applications. I am a home owner and have excellent credit score.

Any ideas which company will pass me being self employed?

Tia

Caz3121

how many years accounts do you have?
What is your reported income?

emmalita

I only started last year so no accounts. Gross income £28000. I also have an income from partner but we are not financially associated. Also receive £240 a month child benefit and £400 a month dla.

Jackie132

I would suggest you taking loan again from hitachi personal finance if they are requesting you take loan again. Also you have already cleared your previous loan. you don't need to go anywhere, as may be others have other rule and regulations.

Gaz83

Do you have any figures for your profits? I would imagine that's what a lender would want to see. Your gross income might be £28k but if your gross expenses were £20k then that's eating away a huge chunk of that.