Disabled And Credit

scotty68

Ok I suffer from FMS & PTSD I can not work due to this fact, Before being ill i worked 24/7.
With benefits and disability I spose it makes up the average wage. but when I wanted a loan i made the grave mistake of going to provident their APR is over double. something I didn't realize till coming across sites such as this. But the trouble is if you apply for loans of credit as a disabled/ill person who cant work theres no section in any form saying illness etc. its just unemployed which looks bad. I think all forms should include illness on them and not make us feel bad about being so ill. Are money is as good as anyone elses. Its Sad.
So does anyone know of a good loan company for people in my situation. Im trying to borrow at a cheaper rate to pay off the provident etc.
:beer:

Caz3121

maybe have a look at credit unions, you will need to save with them first

Dobbibill

I guess you have disposable income if you are considering a loan elsewhere.

I don't know where you are likely to get one other than what's been suggested.

Can you throw every spare penny at the Provident Loan and clear it ASAP?

DCFC79

Maybe the disabled board would be another place to ask.

missbiggles1

Lenders nowadays are likely to be aware of how insecure an income is if based on benefits.

Westminster

Not sure what FMS is, but my wife has had MS since 2003.

She has a fairly substantial line of credit (not that we use much if at all of it) and we always list her as home-maker and then give her combined PIP / ESA income.

jonesMUFCforever

This kind of scenario is when lenders cannot win.

If they grant a loan and it goes pearshaped they are castigated for taking ''my benefits'' for repayment leaving me with no money for food etc etc.

If they do not lend some will say they are discriminated against.

scotty68

Thanks for the replies I guess its a catch 22

DCFC79

Won't help you immediately but maybe look at credit unions as Caz suggested.

Look at your spending and cut back on stuff eg if you have Sky cancel it, a phone on contract get a cheaper deal if its due a renewal soon Any savings you make from cutting back put them towards the loan (as Dobbibill suggested).

Morglin

I'm disabled, as is husband, who is over pension age, and we have a large credit line, and have never been refused.

Our incomes, including pensions, are comparable to an average London waged household.

We don't use most of the credit, I just use it for "card tarting" so we don't pay interest on anything.

However, we have got an excellent credit record, which obviously goes a long way towards acceptance.

I put "retired" in the box.

But, in the short term, Credit Unions are much better than premium rate doorstep lenders.

Lin ��

jonesMUFCforever

Morglin wrote: »

I'm disabled, as is husband, who is over pension age, and we have a large credit line, and have never been refused.

Our incomes, including pensions, are comparable to an average London waged household.

We don't use most of the credit, I just use it for "card tarting" so we don't pay interest on anything.

However, we have got an excellent credit record, which obviously goes a long way towards acceptance.

I put "retired" in the box.

But, in the short term, Credit Unions are much better than premium rate doorstep lenders.

Lin ��

Putting retired down is fine for you because that is your situation.
The OP hasn't indicated that they are on a pension so would not work for them.
I am sure there must be a check digit on any application to see that somebody is retirement age.