First time loan

Violet

I have never had a credit card or been in debt but am considering a loan with Sainsbury's (I do have a mobile phone contract and have used catalogues, without problems, for years). I have done a budget and am confident I can repay the loan without any problems unfortunately I have just started a new job and am wondering if Sainsbury's are likely to refuse my application based on that? Also, are they likely to contact my new employers? I have been with the same bank for over 20 years, would this help?

Any help or advice appreciated
Thanks

[Deleted User]

You'd stand more chance with your bank. A lack of credit history and a new job will severely count against you.

forgotmyname

Buy one for cash. You wont be paying the loan when it needs servicing or repairs.

jonesMUFCforever

forgotmyname wrote: »

Buy one for cash. You wont be paying the loan when it needs servicing or repairs.

???

Where does post 1 suggest they want the money to buy a car.

Dansmith10_2

Most places won't give you the loan until you can prove you're earning. So it's unlikely they will give you the loan until you get your first pay check- this is a reasonable security measure. However I wouldn't opt for someone willing to do it without wage/salary evidence as they're probably quite dodgy.

forgotmyname

jonesMUFCforever wrote: »

???

Where does post 1 suggest they want the money to buy a car.

Post 1 did ask about buying a car with a loan but not this thread or forum

I managed to cut the text above out of the reply box before the page froze and obviously pasted it into the wrong box.. oops..

Teach me to double check.