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loan advice
Comments
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It won't reduce the risk for the guarantor...Optimists see a glass half full
Pessimists see a glass half empty
Engineers just see a glass twice the size it needed to be
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:rotfl:
When do the schools go back down South?"Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."0 -
So it's either an amazing 100% guaranteed get-rich-quick scheme than very few folk know about, or OP wants to buy a £15K car because it's more efficient than his old banger.
Gotta be one of those 2.Hope over Fear. #VoteYes0 -
Bigmoneydreams wrote: »would a guarantor be worthwile to reduce the risk in that case?
If you fail to make a payment you end up ruining that persons credit file.
Save up what you need and use that for the project.0 -
Bigmoneydreams wrote: »Hi I really need advice because I have a project and will need a loan of £15K.
You'll have seen the negative responses Bmd but don't let them get you down. They're grumpy old cynics for the most part.
But don't dismiss them either. Grumpy old cynics got that way by seeing lots of people separated from their money in 'projects' that seemed so good they were worth borrowing large amounts of money for. Over 99% of the time they weren't as good as they seemed, even the ones that weren't out and out scams in the first place.0 -
Bigmoneydreams wrote: »the guarantor is irrelevant. - just another moving part of the machine. im asking from a banks perspective
That comment shows you simply don't understand what a guarantor does.
From the banks perspective it makes a huge difference, assuming the guarantor has good standing, their risk is greatly reduced because they can now pursue the guarantor for the money, as well as you.Optimists see a glass half full
Pessimists see a glass half empty
Engineers just see a glass twice the size it needed to be0
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