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Thanks for the advice guys. I was offered a loan by Shawbrook so I've taken that and put it in a separate account which I'm using as my float fund. Hopefully this will also start increasing my credit rating.0
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Thanks for the advice guys. I was offered a loan by Shawbrook so I've taken that and put it in a separate account which I'm using as my float fund. Hopefully this will also start increasing my credit rating.
Hi JMSCV
While stressing that I'm neither an accountant nor a tax specialist, I can't help thinking that you should enquire (with someone suitably qualified) about whether you can claim tax relief on any interest incurred on that loan, given that it is arguably a working expense? You may already be doing so, in which case great, no further action needed.
Dennis
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0
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