Chances of personal loan

Suzuka96

I earn 15090 haver very lkttle outgoings as partner pays the majority of bills

£70 mobile
£22 sofa
£130 car loan.

I would lkke to borrow £15k for some debt coslodation and home improvements. Woild this be likely.

I bank with both santander and halifax have a 2000 overdraft with halifax (im 1700 in it) and no credit cards.

Credit report is completely blemish frre.

Gaz83

You've no chance of borrowing £15k on a salary of £15k, particularly with existing debts.

Start managing your money better and saving. You should have leftover income of about £1,000 a month. What on earth do you do with it?

Suzuka96

So in your vast experience how much would be the max i could borrow.

TadleyBaggie

Roughly 50% of your income minus your current debt. So if your current debt if 7K or more, getting a loan is very unlikely.

somethingcorporate

if you have so little outgoings why do you have so much debt?

Gaz83

Suzuka96 wrote: »

So in your vast experience how much would be the max i could borrow.

A rule of thumb is about 50% of your income as an unsecured loan.

If you've got an income of £15,000 then you're looking at about £7,500. Depends then how much debt you currently have.

Of course, if you approach a bank or a building society they may ask what happens to the rest of your income. Looking to borrow money to consolidate debts when you have £1,000 in disposable income every month doesn't look good.

Gaz83

Actually, on checking OP's other posts, he/she is a troll. Best not replying.

Suzuka96

Cor their is slme judgemental people on here. I asked for advice not judging. Actually most of my money goes on my partners debts of which we are hoping tonconsolidate. By doing so we will free up equity in property (rather than use equity to pay off debts) and this will enable us to have enough deposit for another property.

Afyi im not a troll my partner and i share an account rather than set up two.

Gaz83

Suzuka96 wrote: »

Cor their is slme judgemental people on here. I asked for advice not judging. Actually most of my money goes on my partners debts of which we are hoping tonconsolidate. By doing so we will free up equity in property (rather than use equity to pay off debts) and this will enable us to have enough deposit for another property.

Afyi im not a troll my partner and i share an account rather than set up two.

From your other thread:

Suzuka96 wrote: »

Little background I currently have mortgage with HSBC and never missed payment
I have 3 ccj one for 1400 which will drop of records this dec
Other two are from 2012 and totall £4500 (am paying all off at £500 per month and will be totally settled when sell current property)

Husband is on fixed term civil service contract (14 months left to run) earns £15k
I have been with my job over a year earning £37500 (top 4 accountancy firm)

Husband has perfect credit rating. On selling property we will be left with nada so husband is thinking of borrowing deposit from Santander (at 4.7% over 5years)

I want to borrow £102000 over 25 years (property value £120000 so 85% mortgage). As multiples look ok we could do this just in my name if necessary.
Do we stand any chance at getting a mortgage ?

From this thread:

Suzuka96 wrote: »

I earn 15090 haver very lkttle outgoings as partner pays the majority of bills

£70 mobile
£22 sofa
£130 car loan.

I would lkke to borrow £15k for some debt coslodation and home improvements. Woild this be likely.

I bank with both santander and halifax have a 2000 overdraft with halifax (im 1700 in it) and no credit cards.

Credit report is completely blemish frre.

So, which is it? You can hardly blame someone for thinking you're trolling. You say that your credit report is blemish-free, yet on another thread say that you have three CCJs! Which is it?

It's not about being 'judgemental', it's about answering based on the information you provided. You said you have very little outgoings, when questioned on this you then say that most of your outgoings go on your partner's debts. So you don't have "very little outgoings" at all.

Honestly, how on earth do you expect to be given accurate advice if you won't be honest with your story in the first place?

Suzuka96

I have been honest with my answer if i get a loan i will have very little outgoing s as this will pay off partners debts. And i do have clean credit hsitory but smaller salary whereas partner has high salary but cant get loan due to 3 ccj.

Gaz83

Suzuka96 wrote: »

I have been honest with my answer

You have a funny definition of being honest.

Suzuka96 wrote: »

And I do have clean credit hsitory

Suzuka96 wrote: »

I have 3 ccj

Suzuka96 wrote: »

but smaller salary whereas partner has high salary but cant get loan due to 3 ccj

Suzuka96 wrote: »

Husband is on fixed term civil service contract (14 months left to run) earns £15k
I have been with my job over a year earning £37500 (top 4 accountancy firm)

Suzuka96 wrote: »

Husband has perfect credit rating