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.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Getting future loans after payment holiday.
FlyingByrne
Posts: 15 Forumite
Good afternoon,
I appreciate everyones situations will vary, but in general has anyone been able to get a small loan after getting a payment holiday. We're planning to get married in the next 1-2 years and have taken a payment holiday on our mortgage and I'm now beginning to wonder will that effect our chances of getting a loan around 10k in a years time. Thus im curious if anyone has been able to get a loan post a payment holiday.
Many thanks.
I appreciate everyones situations will vary, but in general has anyone been able to get a small loan after getting a payment holiday. We're planning to get married in the next 1-2 years and have taken a payment holiday on our mortgage and I'm now beginning to wonder will that effect our chances of getting a loan around 10k in a years time. Thus im curious if anyone has been able to get a loan post a payment holiday.
Many thanks.
0
Comments
-
Have you cleared the arrears caused by the payment holiday?0
-
As you are thinking of getting married in a year or two and spending approximately £10,000, the Money Saving solution would be to save £833/£416/£277 pcm over the next 12/24/36 months, rather than taking out a loan which is a debt and incurs interest.5
-
Start saving the money now instead of having to pay interest on in later years.3
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards