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Knocked back for a loan everytime?!?!

Skinto
Skinto Posts: 10 Forumite
in Loans
I have been knocked back for a loan everywhere I try. I do have a Trust Deed that lasts for another year and my credit is probably the worst?

Is there any firm out there which would give me a loan on my bad credit rating?

Comments

  • HappyMJ
    HappyMJ Posts: 21,115
    10,000 Posts Combo Breaker
    Forumite
    So you are saying to potential creditors. "i've borrowed money in the recent past and i can't repay it. So i have a trust deed. Can I have some of your money?"

    Would you lend money to you if you were a lender.

    Doorstep lenders probably wouldn't even take you on.

    Try saving some money and paying for whatever it is you want when you've saved enough.

    Sorry to be so harsh....
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • Mark7799
    Mark7799 Posts: 4,807
    Part of the Furniture 1,000 Posts Combo Breaker
    Forumite
    Would really agree with the above comment.

    What do you want a loan for?

    How much do you need to spend?

    Have you saved anything towards it or are you looking to borrow 100%?
    Gwlad heb iaith, gwlad heb galon
  • Skinto
    Skinto Posts: 10 Forumite
    HappyMJ wrote: »
    So you are saying to potential creditors. "i've borrowed money in the recent past and i can't repay it. So i have a trust deed. Can I have some of your money?"

    Would you lend money to you if you were a lender.

    Doorstep lenders probably wouldn't even take you on.

    Try saving some money and paying for whatever it is you want when you've saved enough.

    Sorry to be so harsh....

    Sorry, I didn't know God was in the house today?

    A simple yes or no would have been suffice!
  • bikerqueen
    bikerqueen Posts: 427 Forumite
    are you allowed to take on more debt with a trust deed?
  • Emmzi
    Emmzi Posts: 8,658
    1,000 Posts Combo Breaker
    Forumite
    No.

    http://www.debthelpuk.co.uk/scottish-trust-deeds-faqs.html#25
    Debt free 4th April 2007.
    New house. Bigger mortgage. MFWB after I have my buffer cash in place.
  • mountainchrisriver
    mountainchrisriver Posts: 3,905
    1,000 Posts Combo Breaker
    Forumite
    colin01... post reported... :rolleyes:
This discussion has been closed.
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