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Self-employed on a low income needs a loaned £3-4k buffer cash to be repaid within 2 years

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  • Ajax67
    Ajax67 Posts: 48 Forumite
    10 Posts Name Dropper
    I think you don't understand the bit about new, higher productivity equipment. My current equipment enables me to work with low productivity. And I have no time to save money on a low hourly income.
  • Ajax67
    Ajax67 Posts: 48 Forumite
    10 Posts Name Dropper
    Also, if I wanted, I would have a chance to borrow money from my family, but I won't do it.
  • Ajax67 said:
    I think you don't understand the bit about new, higher productivity equipment. My current equipment enables me to work with low productivity. And I have no time to save money on a low hourly income.
    So you're just going to be doing less work and your income will remain the same?

    If so I can see why a bank would be even more reluctant to lend the money.
  • Ajax67
    Ajax67 Posts: 48 Forumite
    10 Posts Name Dropper
    My income will go up when I have new equipment. Otherwise, I would have to work long hours on a low hourly income. That I want to avoid.
  • Ajax67
    Ajax67 Posts: 48 Forumite
    10 Posts Name Dropper
    Also, in case some global disaster happens and my services will no longer be required, I will be able to sell the bigger van I am currently about to buy. That way I will be able to repay the debt.
  • Ajax67 said:
    My income will go up when I have new equipment. Otherwise, I would have to work long hours on a low hourly income. That I want to avoid.
    And as I said, you can save more when your income goes up.
  • Ajax67
    Ajax67 Posts: 48 Forumite
    10 Posts Name Dropper
    Ajax67 said:
    I think you don't understand the bit about new, higher productivity equipment. My current equipment enables me to work with low productivity. And I have no time to save money on a low hourly income.
    So you're just going to be doing less work and your income will remain the same?

    If so I can see why a bank would be even more reluctant to lend the money.
    No. I want to work for the same amount of hours as up to now and to achieve a 50 per cent higher income.
  • Ajax67 said:
    Ajax67 said:
    I think you don't understand the bit about new, higher productivity equipment. My current equipment enables me to work with low productivity. And I have no time to save money on a low hourly income.
    So you're just going to be doing less work and your income will remain the same?

    If so I can see why a bank would be even more reluctant to lend the money.
    No. I want to work for the same amount of hours as up to now and to achieve a 50 per cent higher income.
    See the post above.
  • Ajax67
    Ajax67 Posts: 48 Forumite
    10 Posts Name Dropper
    And to be honest, I would prefer some practical tips. Up to now, I have heard only ill-informed and judgemental remarks on my account.
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