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best options for a newly employed
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Look at lenders that have a soft search facility or the likes of ClearScore, which will give you a reasonable indication of if you will be accepted and at what rate.
Barclays have traditionally been one to "pre-approve" you, if you go into your online banking it will tell you if you are or aren't. You can apply if not approved but they claim you dont have good chances of acceptance. I've found them very variable... as a customer of theirs too sometimes they show very high limits with low interests, occasionally low limits with very bad interest, and a lot of the time no offer. Cannot see any correlation between that any my personal circumstances.1 -
What is your salary?
What are your existing debts (if any)?
Do you have any defaults/late payments etc?
Being in a job is goo but 6 months tends to be the minimum e.g. out of probation but it will depend on your affordability to service the loan.Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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Nasqueron said:What is your salary?
What are your existing debts (if any)?
Do you have any defaults/late payments etc?
Being in a job is goo but 6 months tends to be the minimum e.g. out of probation but it will depend on your affordability to service the loan.
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If you're talking about roughly 28k salary after tax, 8-10k might be possible with no other debts
Go to the credit reference agencies and look through them for any errors, check you're on the electoral roll and then keep doing sensible things like paying off cards in full every month etc. Can your spouse work here eventually and help to pay back debts? Could the medical care be done in another country for less etc?Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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Nasqueron said:If you're talking about roughly 28k salary after tax, 8-10k might be possible with no other debts
Go to the credit reference agencies and look through them for any errors, check you're on the electoral roll and then keep doing sensible things like paying off cards in full every month etc. Can your spouse work here eventually and help to pay back debts? Could the medical care be done in another country for less etc?
I have 975 score on Experian no negative influences so far. Yes, I am on the electoral roll.
I am not sure if she will be able to work or not yet, as we are having a baby soon so that is basically our hospital bills. It costs minimum around £1k to give birth in her home country (goes up to £2k+ if any complications or cesarian is required) and plus our UK visa fees/nhs surcharge have gone up recently. When she arrives here I am happy if she is just a full-time mom. But if she wants to take part time to help me pay bills I will be okay with that of course. Though the childcare cost keeps rising too hard to say if we will be better off unless both of us are full time.
I went to Barclays today to get a provisionla loan rate and they advised me to get a Provisonal Driving Licence first as a proof of address because I don't pay my council tax or anything like that - private renter so just passport is not enough for them. Once I have done that they said to come back to them.They also said to make sure there is a few hundreds left on my main account every month before the pay day. I tend to transfer a big chunk of my salary onto my savings account right on my payday and then use the rest of what's left on my main account for living expenses that way I prevent myself from being tempted to spend more. Apparently that is a bad habbit for those who want to get a loan. They said to do all that and see if at the end of every month I can see any loan offers on the app.0 -
Assets said:Nasqueron said:If you're talking about roughly 28k salary after tax, 8-10k might be possible with no other debts
Go to the credit reference agencies and look through them for any errors, check you're on the electoral roll and then keep doing sensible things like paying off cards in full every month etc. Can your spouse work here eventually and help to pay back debts? Could the medical care be done in another country for less etc?
That is a good process to build a positive credit history though it takes time - many months, if not 1 year or more. If you have never had a card though there is likely to be limited credit history meaning a loan is less likely as lenders don't know how good you are with credit. Using your own bank at least is a good idea as they see your banking history and maybe can make a decision.
I have 975 score on Experian no negative influences so far. Yes, I am on the electoral roll.
The score is a gimmick, no lender ever sees it. Your lack of credit card likely means a thin or non-existent credit file hence the high "score", a mobile phone contract is a good example of alternative. Try checking the other 2 CRA and see what they have in terms of credit account history. Please ensure you are not paying Experian anything to see the "score", if so they are charging you for a service they have to provide free (via your statutory credit report right)
I am not sure if she will be able to work or not yet, as we are having a baby soon so that is basically our hospital bills. It costs minimum around £1k to give birth in her home country (goes up to £2k+ if any complications or cesarian is required) and plus our UK visa fees/nhs surcharge have gone up recently. When she arrives here I am happy if she is just a full-time mom. But if she wants to take part time to help me pay bills I will be okay with that of course. Though the childcare cost keeps rising too hard to say if we will be better off unless both of us are full time.
I went to Barclays today to get a provisionla loan rate and they advised me to get a Provisonal Driving Licence first as a proof of address because I don't pay my council tax or anything like that - private renter so just passport is not enough for them. Once I have done that they said to come back to them.They also said to make sure there is a few hundreds left on my main account every month before the pay day. I tend to transfer a big chunk of my salary onto my savings account right on my payday and then use the rest of what's left on my main account for living expenses that way I prevent myself from being tempted to spend more. Apparently that is a bad habbit for those who want to get a loan. They said to do all that and see if at the end of every month I can see any loan offers on the app.
If you are paying lots into savings then I would recommend you use those as the interest rate will be dwarfed by what you pay on the loan given your limited credit history.Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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Nasqueron said:Assets said:Nasqueron said:If you're talking about roughly 28k salary after tax, 8-10k might be possible with no other debts
Go to the credit reference agencies and look through them for any errors, check you're on the electoral roll and then keep doing sensible things like paying off cards in full every month etc. Can your spouse work here eventually and help to pay back debts? Could the medical care be done in another country for less etc?
That is a good process to build a positive credit history though it takes time - many months, if not 1 year or more. If you have never had a card though there is likely to be limited credit history meaning a loan is less likely as lenders don't know how good you are with credit. Using your own bank at least is a good idea as they see your banking history and maybe can make a decision.
I have 975 score on Experian no negative influences so far. Yes, I am on the electoral roll.
The score is a gimmick, no lender ever sees it. Your lack of credit card likely means a thin or non-existent credit file hence the high "score", a mobile phone contract is a good example of alternative. Try checking the other 2 CRA and see what they have in terms of credit account history. Please ensure you are not paying Experian anything to see the "score", if so they are charging you for a service they have to provide free (via your statutory credit report right)
I am not sure if she will be able to work or not yet, as we are having a baby soon so that is basically our hospital bills. It costs minimum around £1k to give birth in her home country (goes up to £2k+ if any complications or cesarian is required) and plus our UK visa fees/nhs surcharge have gone up recently. When she arrives here I am happy if she is just a full-time mom. But if she wants to take part time to help me pay bills I will be okay with that of course. Though the childcare cost keeps rising too hard to say if we will be better off unless both of us are full time.
I went to Barclays today to get a provisionla loan rate and they advised me to get a Provisonal Driving Licence first as a proof of address because I don't pay my council tax or anything like that - private renter so just passport is not enough for them. Once I have done that they said to come back to them.They also said to make sure there is a few hundreds left on my main account every month before the pay day. I tend to transfer a big chunk of my salary onto my savings account right on my payday and then use the rest of what's left on my main account for living expenses that way I prevent myself from being tempted to spend more. Apparently that is a bad habbit for those who want to get a loan. They said to do all that and see if at the end of every month I can see any loan offers on the app.
If you are paying lots into savings then I would recommend you use those as the interest rate will be dwarfed by what you pay on the loan given your limited credit history.0 -
Assets said:Nasqueron said:Assets said:Nasqueron said:If you're talking about roughly 28k salary after tax, 8-10k might be possible with no other debts
Go to the credit reference agencies and look through them for any errors, check you're on the electoral roll and then keep doing sensible things like paying off cards in full every month etc. Can your spouse work here eventually and help to pay back debts? Could the medical care be done in another country for less etc?
That is a good process to build a positive credit history though it takes time - many months, if not 1 year or more. If you have never had a card though there is likely to be limited credit history meaning a loan is less likely as lenders don't know how good you are with credit. Using your own bank at least is a good idea as they see your banking history and maybe can make a decision.
I have 975 score on Experian no negative influences so far. Yes, I am on the electoral roll.
The score is a gimmick, no lender ever sees it. Your lack of credit card likely means a thin or non-existent credit file hence the high "score", a mobile phone contract is a good example of alternative. Try checking the other 2 CRA and see what they have in terms of credit account history. Please ensure you are not paying Experian anything to see the "score", if so they are charging you for a service they have to provide free (via your statutory credit report right)
I am not sure if she will be able to work or not yet, as we are having a baby soon so that is basically our hospital bills. It costs minimum around £1k to give birth in her home country (goes up to £2k+ if any complications or cesarian is required) and plus our UK visa fees/nhs surcharge have gone up recently. When she arrives here I am happy if she is just a full-time mom. But if she wants to take part time to help me pay bills I will be okay with that of course. Though the childcare cost keeps rising too hard to say if we will be better off unless both of us are full time.
I went to Barclays today to get a provisionla loan rate and they advised me to get a Provisonal Driving Licence first as a proof of address because I don't pay my council tax or anything like that - private renter so just passport is not enough for them. Once I have done that they said to come back to them.They also said to make sure there is a few hundreds left on my main account every month before the pay day. I tend to transfer a big chunk of my salary onto my savings account right on my payday and then use the rest of what's left on my main account for living expenses that way I prevent myself from being tempted to spend more. Apparently that is a bad habbit for those who want to get a loan. They said to do all that and see if at the end of every month I can see any loan offers on the app.
If you are paying lots into savings then I would recommend you use those as the interest rate will be dwarfed by what you pay on the loan given your limited credit history.Nasqueron said:Assets said:Nasqueron said:If you're talking about roughly 28k salary after tax, 8-10k might be possible with no other debts
Go to the credit reference agencies and look through them for any errors, check you're on the electoral roll and then keep doing sensible things like paying off cards in full every month etc. Can your spouse work here eventually and help to pay back debts? Could the medical care be done in another country for less etc?
That is a good process to build a positive credit history though it takes time - many months, if not 1 year or more. If you have never had a card though there is likely to be limited credit history meaning a loan is less likely as lenders don't know how good you are with credit. Using your own bank at least is a good idea as they see your banking history and maybe can make a decision.
I have 975 score on Experian no negative influences so far. Yes, I am on the electoral roll.
The score is a gimmick, no lender ever sees it. Your lack of credit card likely means a thin or non-existent credit file hence the high "score", a mobile phone contract is a good example of alternative. Try checking the other 2 CRA and see what they have in terms of credit account history. Please ensure you are not paying Experian anything to see the "score", if so they are charging you for a service they have to provide free (via your statutory credit report right)
I am not sure if she will be able to work or not yet, as we are having a baby soon so that is basically our hospital bills. It costs minimum around £1k to give birth in her home country (goes up to £2k+ if any complications or cesarian is required) and plus our UK visa fees/nhs surcharge have gone up recently. When she arrives here I am happy if she is just a full-time mom. But if she wants to take part time to help me pay bills I will be okay with that of course. Though the childcare cost keeps rising too hard to say if we will be better off unless both of us are full time.
I went to Barclays today to get a provisionla loan rate and they advised me to get a Provisonal Driving Licence first as a proof of address because I don't pay my council tax or anything like that - private renter so just passport is not enough for them. Once I have done that they said to come back to them.They also said to make sure there is a few hundreds left on my main account every month before the pay day. I tend to transfer a big chunk of my salary onto my savings account right on my payday and then use the rest of what's left on my main account for living expenses that way I prevent myself from being tempted to spend more. Apparently that is a bad habbit for those who want to get a loan. They said to do all that and see if at the end of every month I can see any loan offers on the app.
If you are paying lots into savings then I would recommend you use those as the interest rate will be dwarfed by what you pay on the loan given your limited credit history.Assets said:Nasqueron said:Assets said:Nasqueron said:If you're talking about roughly 28k salary after tax, 8-10k might be possible with no other debts
Go to the credit reference agencies and look through them for any errors, check you're on the electoral roll and then keep doing sensible things like paying off cards in full every month etc. Can your spouse work here eventually and help to pay back debts? Could the medical care be done in another country for less etc?
That is a good process to build a positive credit history though it takes time - many months, if not 1 year or more. If you have never had a card though there is likely to be limited credit history meaning a loan is less likely as lenders don't know how good you are with credit. Using your own bank at least is a good idea as they see your banking history and maybe can make a decision.
I have 975 score on Experian no negative influences so far. Yes, I am on the electoral roll.
The score is a gimmick, no lender ever sees it. Your lack of credit card likely means a thin or non-existent credit file hence the high "score", a mobile phone contract is a good example of alternative. Try checking the other 2 CRA and see what they have in terms of credit account history. Please ensure you are not paying Experian anything to see the "score", if so they are charging you for a service they have to provide free (via your statutory credit report right)
I am not sure if she will be able to work or not yet, as we are having a baby soon so that is basically our hospital bills. It costs minimum around £1k to give birth in her home country (goes up to £2k+ if any complications or cesarian is required) and plus our UK visa fees/nhs surcharge have gone up recently. When she arrives here I am happy if she is just a full-time mom. But if she wants to take part time to help me pay bills I will be okay with that of course. Though the childcare cost keeps rising too hard to say if we will be better off unless both of us are full time.
I went to Barclays today to get a provisionla loan rate and they advised me to get a Provisonal Driving Licence first as a proof of address because I don't pay my council tax or anything like that - private renter so just passport is not enough for them. Once I have done that they said to come back to them.They also said to make sure there is a few hundreds left on my main account every month before the pay day. I tend to transfer a big chunk of my salary onto my savings account right on my payday and then use the rest of what's left on my main account for living expenses that way I prevent myself from being tempted to spend more. Apparently that is a bad habbit for those who want to get a loan. They said to do all that and see if at the end of every month I can see any loan offers on the app.
If you are paying lots into savings then I would recommend you use those as the interest rate will be dwarfed by what you pay on the loan given your limited credit history.Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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