Can't get a loan anywhere

beckywj

I'm wanting to take out a loan to pay off a Very account which is not in my name to get it cleared away . I have a really bad credit score and I can't get a loan anywhere that doesn't require a guarantor and I do not have anyone I can ask to be one and id rather not just incase I need to go on a DMP which I'm thinking of in the future . If nobody can offer me a loan (thinking of around £3000) where can I go who will lend to me?

One company accepted me and said in order to secure my loan I need to pay my first monthly instalment as a deposit (£130) which didn't sound right to me so I refused

Thanks

Gaz83

beckywj wrote: »

If nobody can offer me a loan (thinking of around £3000) where can I go who will lend to me?

You've said it yourself. If nobody can offer you a loan, no one will lend to you.

Why are you paying off an account in someone else's name?

bengalknights

As per Gaz83 how come you are trying to pay off someone elses loan?

HappyMJ

beckywj wrote: »

I'm wanting to take out a loan to pay off a Very account which is not in my name to get it cleared away . I have a really bad credit score and I can't get a loan anywhere that doesn't require a guarantor and I do not have anyone I can ask to be one and id rather not just incase I need to go on a DMP which I'm thinking of in the future . If nobody can offer me a loan (thinking of around £3000) where can I go who will lend to me?

One company accepted me and said in order to secure my loan I need to pay my first monthly instalment as a deposit (£130) which didn't sound right to me so I refused

Thanks

Oh dear. You seem to be in a bit of a pickle. It sounds like you've used someone else's Very account for your own purposes and you now owe your friend something but can't get credit to do that and now your friend is starting to get worried that you'll never pay.

If you value your friendship at all then stop paying your own unsecured creditors anything and at the same time live on as little as possible and get your friend paid back ASAP.

If you've got a car sell it and give the money to your friend. Use public transport and walk. Sell the items you bought on the Very account. You don't "need" anything except the roof over your head and a bed to lay on...everything else can go.

Once your friend is paid back they will be much happier (trust me) and start helping you out a bit more in a non-financial way. They might offer assistance you would not have got elsewhere such as a free meal or a cup of tea/coffee when you really have no money which is extremely valuable.

If you don't pay them back the friendship will probably soon end. They always do unfortunately.

So...stop spending money on anything and give every penny you earn to your friend until the debt is repaid.

DCFC79

beckywj wrote: »

I'm wanting to take out a loan to pay off a Very account which is not in my name to get it cleared away . I have a really bad credit score and I can't get a loan anywhere that doesn't require a guarantor and I do not have anyone I can ask to be one and id rather not just incase I need to go on a DMP which I'm thinking of in the future . If nobody can offer me a loan (thinking of around £3000) where can I go who will lend to me?

One company accepted me and said in order to secure my loan I need to pay my first monthly instalment as a deposit (£130) which didn't sound right to me so I refused

Thanks

You wont get a loan but its not down to your bad credit score but your credit history.

Id not pay off the Very account that isn't yours and focus on sorting your finances out (if your thinking of a dmp)

PeacefulWaters

So you want someone to lend you money while you're planning a DMP.

That's evil.