Need help in getting loan. Turned down by Halifax

maypen111

Hi Guys, I have just been turned down for a loan by Halifax (Online). I am after a loan for £15000 to pay off a tax debt. Who should i approach next.

I had 3 credit reports about 9 months ago:

Experian ......... On electoral Roll for 15 years and check for opening of current account recently. Thats all.

Equifax ........... No electoral roll, no searches, nothing at all.

CallCredit .......... On electoral roll for 15 years.Nothing else.

Positve Points

I am an Home owner with no mortgage.
1800 per month gross pay
Lived same house 15 years

Bad points

I only opened my current account (HALIFAX EASYCASH basic account) about 16 months ago. It does not come with check book.

On the application i gave details of the above account into which all my salary is paid.

I opened a full Halifax current account about a month and a half ago.

I do not have any credit or store card

I have only been employed in my Civil Servant job for 7 months

I think possibly i answered yes when the online form asked me if i had a cheque guarantee card.I have one for the new account but not for the basic.

From the details given can anyone suggest why i was turned down and which lender should i try.

cheers!

jonesMUFCforever

It might be easier for you to get a mortgage on your unencumbered property rather than a personal loan.
You can taylor this to the maximum repayment you can afford to pay it off sooner rather than later.
You will of course have to put your house on the line if you don't repay.

maypen111

Thanks for the suggestion and i will look into the possibility. The thing is that i need some of the the loan very quickly to pay off a tax debt. Are there any more suggestions out there.

Would i be more successful applying to a lender who uses Experian or Callcredit because Halifax uses Equifax and they have no record of me although i have lived at this address for nearly 16 years.

Would applying for £8000 have more chance of success? Any suggestion gratefully accepted.

jonesMUFCforever

Negotiate with Inland revenue to take instalments.
Tell them that you are raising the money by taking out a mortgage (or by whichever method you choose) but this will take some time.

If you have a clean credit record then it should not take more than 6 weeks from application to the money being in your account.