Leah-Lacie Posted October 29, 2012 Share Posted October 29, 2012 If for a deposit of the house if already enquired and I am allowed a loan to pay the deposit as my earnings are enough to pay both I got told I wasn't allowed to use a loan for a deposit on mine, I had to prove to them that I had saved the money myself Link to comment Share on other sites More sharing options...
woodmally Posted October 29, 2012 Share Posted October 29, 2012 I am desperate for a loan no payday loans. I have awful credit where can I get one from I litrely need it now lol no smart remarks just help please I dont know why you need a loan but this is the key question. If its to buy something that has broken ie washingmachine etc then I would use provident they are good and it builds up your credit history. Vanquis credit card is also good. However if its to pay off debt then DONT. Make an arrangement with your creditors. As this is robing Peter to pay Paul and make yourself worse off. If you need help payplan are good. Just google payplan. Link to comment Share on other sites More sharing options...
Leah-Lacie Posted October 29, 2012 Share Posted October 29, 2012 I dont know why you need a loan but this is the key question. If its to buy something that has broken ie washingmachine etc then I would use provident they are good and it builds up your credit history. Vanquis credit card is also good. However if its to pay off debt then DONT. Make an arrangement with your creditors. As this is robing Peter to pay Paul and make yourself worse off. If you need help payplan are good. Just google payplan. Use provident if really desperate, but they won't give you a lot. Also, when they bombard you with phonecalls begging you to have more loans, say NO. Link to comment Share on other sites More sharing options...
ECCOnoob Posted October 29, 2012 Share Posted October 29, 2012 (edited) I am desperate for a loan no payday loans. I have awful credit where can I get one from I litrely need it now lol no smart remarks just help please I dont even want to think about why you need 20k so immediately and so despreately but if you have bad credit and no collateral you are really going to be struggling. Even people with reasonable credit scoring would struggle to get over 10-15 without some serious level of collateral. Short term loan providers with their 2000%+ APR rates rarely offer anything over £1k. Longer term bad credit lenders might offer larger amounts but do you really want to be paying 500% plus annual interest on a large sum. If you cant get a "normal" loan from a "normal" provider with a more reasonable amount of interest due to your "bad credit" I would think very carefully about taking on anything that large. Did you make reference to you getting a house soon? If you are starting off mortgage payments you need to think even more carefully how on earth you are going to afford mortgage payments AND repayments to £20k loan!!! Edited October 29, 2012 by ECCOnoob Link to comment Share on other sites More sharing options...
Leah-Lacie Posted October 29, 2012 Share Posted October 29, 2012 I dont know why you need a loan but this is the key question. If its to buy something that has broken ie washingmachine etc then I would use provident they are good and it builds up your credit history. Vanquis credit card is also good. However if its to pay off debt then DONT. Make an arrangement with your creditors. As this is robing Peter to pay Paul and make yourself worse off. If you need help payplan are good. Just google payplan. I actually think OP says its for a deposit on a house Link to comment Share on other sites More sharing options...
Leah-Lacie Posted October 29, 2012 Share Posted October 29, 2012 If for a deposit of the house if already enquired and I am allowed a loan to pay the deposit as my earnings are enough to pay both Just to confirm, you're looking for a loan to pay the deposit on your mortgage? Or am I reading this wrong? Link to comment Share on other sites More sharing options...
Eckolad Posted October 29, 2012 Share Posted October 29, 2012 Well if its a deposit for a house its a most stupid thing to do Why are people so desperate to own a house, More people should either keep renting or move to cheap areas and get a house for 80k Link to comment Share on other sites More sharing options...
bigmofaeglas Posted October 29, 2012 Share Posted October 29, 2012 Can i just say, you have said already you have bad credit. Why would anyone risk giving you the 20K. it is a vicous circle bad credit no loans. good credit lots a loans. Instead of showing your desperation on here why not go to the banks or the creditors , but beware the more credit searches that are done is also a bad thing as well as it shows markers on your file. Why do you want to get a house if you have a hitory of bad debt. You will be playing with fire unless you are fully commited to it. Get some insurance etc. Hard times for everyone but you sound desperate. Link to comment Share on other sites More sharing options...
Leah-Lacie Posted October 29, 2012 Share Posted October 29, 2012 I've been in the same position, got a mortgage in place, but couldn't find the 20% deposit I needed (which was 15k for me). They told me even if I got a loan i wouldn't be able to use that as I have to prove it came from savings, so watch out with that one as well, although you say they have said you can use one. Link to comment Share on other sites More sharing options...
alchresearch Posted October 29, 2012 Share Posted October 29, 2012 Well if its a deposit for a house its a most stupid thing to do Why are people so desperate to own a house, More people should either keep renting or move to cheap areas and get a house for 80k Totally agree. We need to break this "you must own property" culture. Link to comment Share on other sites More sharing options...
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