Loans

Loans

We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

pax vobiscum

The MSE and Experian loan advisors are very good.
They have found several "almost certain" sources for a possible vehicle purchase loan. I have a 999 rating.
However, I am 89 and nowhere in the assessment, is there mention of age restrictions. Does that mean that there is no restriction?
It would be ludicrous to cash in any investments for what amounts to a short term loan.
Does anyone know how the cookie crumbles, or perhaps a [legal] way around the situation?

Welcome!

It looks like you're new here. Sign in or register to get started.

Comments

  • Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Some lenders will have restrictions, so you will need to check with each.

    Your 999 rating will not be a factor in lending and any application will be down to a full application check by the lender, beyond any early pre approval checkers.
  • Posts: 4,821 Forumite
    1,000 Posts Combo Breaker Newshound!
    Congratulations that you are still driving at age 89.
    I would suggest that you check the websites of the loan providers to see if there is any mention of age restrictions or else simply call them and ask if they accept applications from 89 year olds.
    Another good idea would be to try to obtain a loan from the bank which receives your income and/or (if applicable) the bank which holds your investments.
  • Posts: 2 Newbie
    edited 3 January 2019 at 6:43PM
    Thanks for that. My concern is that if I make too many enquiries, my credit rating crashes! I'm surprised that Experian and MSE make no mention of age restrictions. They merely advise that I am 80% or suchlike, likely to get a loan.
    On the other hand, always the optimist, perhaps they do not impose age restrictions on relatively wee loans?
This discussion has been closed.
Meet your Ambassadors

Welcome!

It looks like you're new here. Sign in or register to get started.

Categories

  • All Categories
  • 347.2K Banking & Borrowing
  • 251.6K Reduce Debt & Boost Income
  • 451.8K Spending & Discounts
  • 239.5K Work, Benefits & Business
  • 615.4K Mortgages, Homes & Bills
  • 175.1K Life & Family
  • 252.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.