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loan app advice
This is a loan for my partner but it is mainly to cover my debts as I don't work currently and he does. It asks for a reason and then gives a tick box to choose options. One option is debt consolidation, another is "other". If we put debt consolidation then they will look on his file and see he doesn't have much debt. If we put "other" and explain, would that jeopardise chance of getting it. We want a loan of £7500 over 5 years. He earns about £19,000 and currently has about 2k of debt (this will be coming on consolidation). Should I even bother? He just had a loan with them that's come to an end. We've no bad credit and are on electoral register and have one child. When I went through the soft app it gave an 80% acceptance chance. They just extended his credit limit on his credit card (we didn't ask them to) to £4500 but we don't want to use that up, would rather take the loan.
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Comments
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Just put "other" and state its for partner's debt consolidation if you want to be truthful."Dream World" by The B Sharps....describes a lot of the posts in the Loans and Mortgage sections !!!0
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