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Quick Loan Advice

Mastivision
Mastivision Posts: 102 Forumite
in Loans
Hello

I need a quick advice regarding a loan application which i will be applying in 2 months time.

I need around £5000 loan for my wedding in March. I am earning around 22k a year and i am on electrol since june 2006 and been living on same address from last 4 years.

I have got 3 credit cards since june 2006 and paying of card without any missed payment but i do have balance of £950 (£1000 limit) on my barclaycard.

So i need advice to apply for a loan where i would have more chances to be accepted , basically dont want to have many searches on my file.

I would appreciate your advice.

Thanks.

Comments

  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Sorry if this sounds like a downer - but what happens if you are turned down for the loan in 2 months or 1 month before the wedding?
  • keeperbear
    keeperbear Posts: 293 Forumite
    Part of the Furniture Combo Breaker Mortgage-free Glee!
    Mastivision wrote: »
    I need around £5000 loan for my wedding in March. I am earning around 22k a year and i am on electrol since june 2006 and been living on same address from last 4 years. I have got 3 credit cards since june 2006 and paying of card without any missed payment but i do have balance of £950 (£1000 limit) on my barclaycard.

    Quite honestly, why do you want to get further in debt at 22? Can't you have a cheaper wedding or save up for a year first? You are proposing to spend around 33% of your after tax salary on a wedding, and can only do so by borrowing. Save a little first and avoid the debt headache latter.
  • Mastivision
    Mastivision Posts: 102 Forumite
    keeperbear wrote: »
    Quite honestly, why do you want to get further in debt at 22? Can't you have a cheaper wedding or save up for a year first? You are proposing to spend around 33% of your after tax salary on a wedding, and can only do so by borrowing. Save a little first and avoid the debt headache latter.

    I do have savings of £3000 until now , basically i am flying to Dubai to get married ! and paying off my credit card next month in full.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You haven't answered the question of what happens if you don't get the loan.
  • Mastivision
    Mastivision Posts: 102 Forumite
    ejones999 wrote: »
    You haven't answered the question of what happens if you don't get the loan.

    Then abviously my DAD is my last option.
This discussion has been closed.
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