loan advice

Bigmoneydreams

Hi I really need advice because I have a project and will need a loan of £15K.


I don't have a permanent contract but I work 40 hours a week and have a steady stream of money passing through my account each month I also have a small amount saved in a cash ISA that I add to every month.


I have a credit card through my bank that I use and pay off each month I like to keep a few hundred pounds on it as manageable debt and I am rarely overdrawn.


I have had problems paying off my loans from when I was younger but I was a typical young man and living for the weekend type back then but as of now im pretty much debt free and have very little expenses as of right now.


What advice could anybody give me in keeping my credit rating up and to put myself in a good position to borrow from the bank?


Any advice would be greatly appreciated


thanks

redcard

Project? Is it a secret?

Bigmoneydreams

its classified

DCFC79

Bigmoneydreams wrote: »

Hi I really need advice because I have a project and will need a loan of £15K.

I have a credit card through my bank that I use and pay off each month I like to keep a few hundred pounds on it as manageable debt and I am rarely overdrawn.


I have had problems paying off my loans from when I was younger but I was a typical young man and living for the weekend type back then but as of now im pretty much debt free and have very little expenses as of right now.

Define rarely overdrawn ? You shouldn't be going overdrawn, its bad management of your finances.

I was young once but never got into debt, overdrawn, ran my account very well so not everyone who is young lived for the weekend, in fact don't know anyone who did live for the weekend, yes I went out and enjoyed myself but not splurge my money.

Bigmoneydreams wrote: »

What advice could anybody give me in keeping my credit rating up and to put myself in a good position to borrow from the bank?


Any advice would be greatly appreciated


thanks

Pay everything off when it should.
Dont go overdrawn.

redcard

Bigmoneydreams wrote: »

its classified

Find a cheaper project

Bigmoneydreams

redcard wrote: »

Find a cheaper project

Thank you for the superb advice much appreciated

dealer_wins

On the info you have provided you will not get a loan of £15000.

You need a good credit history, along with a permanent job.

I would advise you to save up hard, and start your project when you reach £15000.

Bigmoneydreams

dealer_wins wrote: »

On the info you have provided you will not get a loan of £15000.

You need a good credit history, along with a permanent job.

I would advise you to save up hard, and start your project when you reach £15000.

I see what you are saying I didn't realise 15 would be that difficult to borrow

Gaz83

Bigmoneydreams wrote: »

its classified

Tell it to the bank, Bond.

DCFC79

Bigmoneydreams wrote: »

I see what you are saying I didn't realise 15 would be that difficult to borrow

Its not that its hard, its dependant on what you earn, if the bank think you wont be a bad risk.

Bigmoneydreams

DCFC79 wrote: »

Its not that its hard, its dependant on what you earn, if the bank think you wont be a bad risk.

would a guarantor be worthwile to reduce the risk in that case?