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herman1rg

Hello newbie here

I have a question, I am in receipt of a Teacher's pension payment every month as a Widower of a Teacher.

I want to use the approx £200/month to finance the repayments of a loan for £10,000, my credit rating is not the best any advice on the best companies?

[Deleted User]

With that kind of income and a poor credit history, you won't be getting a 10k loan.

Do you have any other income?

Thanks

herman1rg

Of course, I have a full time job

DCFC79

Whats the apr of the loan ?

Hard to give a list of companies for you to apply for as you might not even be able to get a loan.

[Deleted User]

herman1rg wrote: »

Of course, I have a full time job

Then the pension by itself is irrelevant. What is your income and why is your credit history poor?

herman1rg

Why is it irrelevant?

CLAPTON

herman1rg wrote: »

Hello newbie here

I have a question, I am in receipt of a Teacher's pension payment every month as a Widower of a Teacher.

I want to use the approx £200/month to finance the repayments of a loan for £10,000, my credit rating is not the best any advice on the best companies?

no, no one will give you a loan on the basis of 200ppm pension

however, you may get a loan based on your total income and your credit records

DCFC79

Whats exactly on your credit file ?

[Deleted User]

herman1rg wrote: »

Why is it irrelevant?

Because credit is determined by total income (and credit files) not by a sub set of income.