Getting a loan after bankruptcy

dealer_wins

You can ask the same question 100 times, but the answer is not a loan, it is to save up for the car.

Te fact you have a card balance of £2500 shows you are already spending more than you earn, a loan is madness!

Jongeorge

Having read all of your replys I will continue to clear the cc before I do anything about the loan as clearing that is a must

andyfromotley

red-squirrel wrote: »

you don't need a new car because you're having a baby, thousands of parents have second hand cheap runarounds, and replace them when needed.

Congratulations on the pregnancy, but i have to agree, don't get into unnecessary debt now that you can, you'd probably regret it.

this! ^^^^^^^^^^^

StaceL1983

probably not what you want to hear (what red-squirrel said) but its good advice. Children aren't cheap either...

Clive_Woody

If you can't afford to pay off the credit card where will the money come from to pay the loan?

As also mentioned kids don't dome cheap and you will need money for all the associated kit and consumables they require.

poppasmurf_bewdley

I can't add any advice to what has already been given.

But when reading your opening post, it just went through my mind: "He's not yet out of bankruptcy yet he's already got £2.5k in hock to a credit card (how did you manage that without breaking the terms of your bankruptcy??) and now he wants to buy a new car."

You haven't really learnt your lesson yet, have you?

Jongeorge

After reading the posts I will clear the cc first then will replace the car as I have s few months before its needed and I know it's the right thing to do

Tixy

poppasmurf_bewdley wrote: »

But when reading your opening post, it just went through my mind: "He's not yet out of bankruptcy yet he's already got £2.5k in hock to a credit card (how did you manage that without breaking the terms of your bankruptcy??)

I think OP has probably been discharged for a few years, and means it will 6 years since the date of bankruptcy in June.

CHR15

You can't trust any car, they are machines so they break.
Even a brand new car only has the luxury of a warranty.

There is a reason every car on a second hand forecourt was traded in by someone, it's fairly likely it has a fault of some kind they couldn't solve cheaply.

Don't get suckered into a Carcraft type ripoff.

tell_it_how_it_is

CHR15 wrote: »

You can't trust any car, they are machines so they break.
Even a brand new car only has the luxury of a warranty.

There is a reason every car on a second hand forecourt was traded in by someone, it's fairly likely it has a fault of some kind they couldn't solve cheaply.

Don't get suckered into a Carcraft type ripoff.

So strongly consider not buying a car because it could break? How absurd!