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  • FIRST POST
    • Dandytf
    • By Dandytf 11th Mar 18, 12:02 PM
    • 1,272Posts
    • 407Thanks
    Dandytf
    Avant-any 2nd loan success
    • #1
    • 11th Mar 18, 12:02 PM
    Avant-any 2nd loan success 11th Mar 18 at 12:02 PM
    Not going to be popular with this thread.
    With 1 payment left via Avant 4k t.v. Excellent to this day)
    Are there any success stories if applying for a new loan.
    Most of the reviews suggest i’ts almost impossible to get acceptance on re applying.
    sc dmp 2012 13k
    Jan 2018 8840 paid. 60% approx.
Page 1
    • zx81
    • By zx81 11th Mar 18, 12:10 PM
    • 17,231 Posts
    • 18,313 Thanks
    zx81
    • #2
    • 11th Mar 18, 12:10 PM
    • #2
    • 11th Mar 18, 12:10 PM
    Nothing suggests you couldn't apply again and be potentially accepted.

    However, the increasing tendency of sub prime borrowers to claim irresponsible lending when given more than one loan may be a factor in their acceptance criteria.
    • Dandytf
    • By Dandytf 11th Mar 18, 12:19 PM
    • 1,272 Posts
    • 407 Thanks
    Dandytf
    • #3
    • 11th Mar 18, 12:19 PM
    • #3
    • 11th Mar 18, 12:19 PM
    Nothing suggests you couldn't apply again and be potentially accepted.

    However, the increasing tendency of sub prime borrowers to claim irresponsible lending when given more than one loan may be a factor in their acceptance criteria.
    Originally posted by zx81
    Thanks zx81-As I!!!8217;ve since changed to part time reduced hours past year approx.
    Is it wise that I wait until I possibly make a return to ful time next few weeks.
    I could make use of the saved loan payment and maybe re apply late summer if I!!!8217;ve been full time and have 3 mths wage slips to upload.
    (I think it was my 3 full time wage slips that helped ed with acceptance 2 yrs earlier)
    Last edited by Dandytf; 11-03-2018 at 12:23 PM.
    sc dmp 2012 13k
    Jan 2018 8840 paid. 60% approx.
    • Tarambor
    • By Tarambor 11th Mar 18, 1:16 PM
    • 3,039 Posts
    • 2,195 Thanks
    Tarambor
    • #4
    • 11th Mar 18, 1:16 PM
    • #4
    • 11th Mar 18, 1:16 PM
    You're on a DMP, doing things like buying a not needed more expensive than it needed to be telly you couldn't afford on sub-prime finance, you've had a drop in income and want to get another loan? Clearly the lesson about how you ended up in a DMP wasn't learned so at this rate you're going to be heading for bankruptcy.

    How about SAVING UP the saved loan payment until you've got enough money to BUY what you want to get the loan for then you're only paying the price of the thing you want to buy, not double the price because of the interest on the finance? "Look, LOOK, its 30% off, what a bargain!! I don't have the money to buy it now but I can get it on in store finance at 24.9% APR and its only £10 a month over 2 years so I end up paying more than it was before it was on sale....."
    Last edited by Tarambor; 11-03-2018 at 1:21 PM.
    • Dandytf
    • By Dandytf 11th Mar 18, 1:46 PM
    • 1,272 Posts
    • 407 Thanks
    Dandytf
    • #5
    • 11th Mar 18, 1:46 PM
    • #5
    • 11th Mar 18, 1:46 PM
    Thanks Tarmbor, yes It!!!8217;s more slightly expensive unsecured lending.
    Though what I have achieved in a few weeks time is 2 yrs of on time payments.
    Hopefully in future ,I!!!8217;ll maybe return to a reasonable credit rating as it once was a few years earlier.
    I am one of a few mser;s who appreciate the ability to borrow in difficult times and don!!!8217;t mind paying extra.
    The mentioned new loan isn!!!8217;t a necessity though I like to have the option to borrow unsecurely in future.
    sc dmp 2012 13k
    Jan 2018 8840 paid. 60% approx.
    • sourcrates
    • By sourcrates 11th Mar 18, 2:06 PM
    • 14,311 Posts
    • 13,517 Thanks
    sourcrates
    • #6
    • 11th Mar 18, 2:06 PM
    • #6
    • 11th Mar 18, 2:06 PM
    Avant have been struggling for money of late.

    They have been off loading there bad debt portfolio`s, and offering stupidly low settlement figures to there customers who are in arrears.

    They rebooted there entire business in 2016, and are seeing slow growth at present, you may find they are more picky about who they lend to in future.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Free Legal advice see : http://legalbeagles.info/
    • Dandytf
    • By Dandytf 11th Mar 18, 2:48 PM
    • 1,272 Posts
    • 407 Thanks
    Dandytf
    • #7
    • 11th Mar 18, 2:48 PM
    • #7
    • 11th Mar 18, 2:48 PM
    Thanks sourcrates

    A reminder of your post which I had read some time ago.
    Interesting info about Avant.
    This strengthens my thinking of waiting until I hopefully get 3 months full time wages before possibly re appplying.
    I honestly think I!!!8217;ll manage and the saved small loan payment from April end will be helpful (As is the additional hrs I!!!8217;m going to be working to ensure my return to full time can be successful.
    sc dmp 2012 13k
    Jan 2018 8840 paid. 60% approx.
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