M333KS D
Member
Registered: 15th Mar 04
User status: Offline
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i dont know if this has been done before, but can someone tell me what is taken into account for getting a loan.
because when i try to apply for one i keep getting fcuked off,
but the thing is, i live with the rents and pay very very little board, and only have my fone and gym payments each month, and i am on over 30k a year, it just really confuses me why i dont get offerd money left right and centre,
thanks
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GREG 1
Member
Registered: 28th Jul 00
Location: Essex
User status: Offline
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wtf £30k and you cant get one 
Try egg loan mate, will be in your back within the next week.
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JadeM
Premium Member
Registered: 9th Feb 06
User status: Offline
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Poor credit score on your parents house maybe, contact equifax & they may be able to help.
Its weird Colin applied for a small loan to spread the payments on a car he wanted, having a very good credit rating, 2 previous loans paid back early, mortgage in his name & more than the loan amout in savings accounts & they turned him down..........they wont tell you why either  
It wasnt with Northern Rock turned you down was it?? 
[Edited on 06-03-2006 by JadeM]
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K2 GTi
Member
Registered: 21st Oct 04
User status: Offline
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barclaycard loan, also in the next week 
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Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
User status: Offline
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A lot of places like you to be a home owner, but like greg said, i'm sure Egg will gladly get you into debt
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JadeM
Premium Member
Registered: 9th Feb 06
User status: Offline
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ps why do you need a loan if you earn £30k & dont have any outgoings??
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M333KS D
Member
Registered: 15th Mar 04
User status: Offline
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well i have a top credit rating, have had 2 previous loans with no quibbles, so my credit rating is no problem and also my parents have a top credit rating, never been in the black mark or nothing,
i have been with egg before and tried a few,
the reason i want to get another loan is that i currently have one (for me beemer) but the only way i could get one was to have the gold insurance thing, which is an extra £80 a month and i really dont want it, so i want to get another loan without it, if you get what i mean.
it must be because i dont have a house, because me and my rents all have a very very good credit rating, as they dont have any trouble gettin loans, it just confuses me!!!
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JadeM
Premium Member
Registered: 9th Feb 06
User status: Offline
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Who was it that knocked you back??
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A2H GO
Member
Registered: 14th Sep 04
Location: Stoke
User status: Offline
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This is exactly the same as me, had a loan with Egg, paid back early, no other outgoings other than my insurance and they wouldnt let me have another loan 
My sister works for a bank and apparently your credit rating is reviewed every three months so got my dad to take out the loan and was going to pay him back in three months when i could get one but hasnt been the case as they still wont let me
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Nismo
Member
Registered: 12th Sep 02
User status: Offline
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the more times you apply the more times you will get rejected,
you can obtain your credit score rating on line
http://www.creditexpert.co.uk
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Jason Iles
Member
Registered: 19th Jun 01
Location: Bristol
User status: Offline
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Loan companys like people who run up huge debt and never pay it back it seems 
I had the same problems a while back and I have never missed a payment in my life and also paid loans and cards off early
Tis shit
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M333KS D
Member
Registered: 15th Mar 04
User status: Offline
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but i dont wanna pay them £6 a month, so for example if i apply for 10 loans and get accepted by 1 of them, the only thing that the next bank will look at is that i have been rejected from 9 out of 10 banks
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Pablo
Member
Registered: 3rd Feb 03
Location: Milton Keynes
User status: Offline
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quote:
Originally posted by Jason Iles
Loan companys like people who run up huge debt and never pay it back it seems
I had the same problems a while back and I have never missed a payment in my life and also paid loans and cards off early
Tis shit
Thats what im doing ! Paying everything off early
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Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
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I blame the Americans TBH.
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M333KS D
Member
Registered: 15th Mar 04
User status: Offline
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quote:
Originally posted by JadeM
Who was it that knocked you back??
you name 1, i have been rejected by it,
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Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
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That would be the problem then, you've applied for far to many loans, the more you apply for and the more you get knocked back the more bad marks you get on your credit history, you have to leave it 6 months now until you apply again.
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Matt H
Member
Registered: 11th Sep 01
Location: South Yorkshire
User status: Offline
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30K a year?
What do you do?
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Andrew
Member
Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
User status: Offline
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why would you need a loan if you live with your parents and on 30k a year Every heard of saving up
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Jason Iles
Member
Registered: 19th Jun 01
Location: Bristol
User status: Offline
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Probably wants a loan to get the cash up front  not hard to work out really
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JadeM
Premium Member
Registered: 9th Feb 06
User status: Offline
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How much were you trying to borrow??? If its a large amount & unsecured (i.e. not a home owner) they will see you as a high risk!!
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JadeM
Premium Member
Registered: 9th Feb 06
User status: Offline
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quote:
Originally posted by Jason Iles
Probably wants a loan to get the cash up front not hard to work out really
I think they mean why do you need a loan (£2.5k monthly income / no out goings) not why do you need a loan
Just dont go out for a few months....pay cash
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M333KS D
Member
Registered: 15th Mar 04
User status: Offline
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been on 30k since september, i had the loan just as i went on to it, so needed the cash up-front, and no, its not that hard to work out really. dont need the loan now really but i just didnt want to pay this extra £80 a month for fcuk all, thats just a waste, and it isnt quite 2.5k a year as the good for nothin tax man gets his hands on it before me!
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M333KS D
Member
Registered: 15th Mar 04
User status: Offline
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quote:
Originally posted by Matt H
30K a year?
What do you do?
i work on aeroplane engines at Rolls Royce
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JadeM
Premium Member
Registered: 9th Feb 06
User status: Offline
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You should forget the bmw & stick a Rolls Royce engine in a corsa
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Matt H
Member
Registered: 11th Sep 01
Location: South Yorkshire
User status: Offline
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quote:
Originally posted by M333KS D
quote:
Originally posted by Matt H
30K a year?
What do you do?
i work on aeroplane engines at Rolls Royce
Get me a job there
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