Should I wait to apply for a loan?

The_Aquapanther

I applied for a loan on 15k with Northern Rock.
They called me today and offered 10k, however I've just found out I've got a new job which includes an 8k payrise! :T

Should I tell NR this in hope that they increase the offer to the 15k I require?
They stated on the website that for offers over 10k I'd need a three payslips, will this be a hinderence?


*** I POSTED THIS FIRST IN THE 'LOANS' FORUM. I KNOW REPOSTS ARE NOT THOUGHT OF IN A GOOD WAY HOWEVER, I NEED THIS SORTED BEFORE CLOSE OF BUSINESS TODAY AND WAS NOT GETTING A QUICK ANSWER ON THERE. I APOLOGISE! ***

phxleo

Hi Aquapanther

If it were me.... I'd ring NR and explain the situation... they may be happy with a letter from your employer outlining your new salary, including whether or not its probationary....

They MAY then be prepared to increase their offer.

Thats the best i can come up with !

Good luck

CharliesAngel

What is the loan for? Over what period? Are there any other ways of raising the cash/saving etc?

If your pay rise is that big do you still need a loan?!

Your payslips will have to be the last three months in your new job... so you'll have to wait another three or four months. I also don't think they look favourably on someone who hasn't been with their employer for six months...

This is a debt free wannabe board so i'd say alot of people will just say can you do without borrowing.... downward spiral and all that...