juliew Posted November 8, 2006 Share Posted November 8, 2006 Hi i have been trying to get a loan for a couple of months now but all i am getting is the run around and being asked to pay "brokers" fees.I have a poor credit rating due to my divorce that seemed to go on for ages.I am just going round in circles while in the meantime making my credit score even worse with all the credit searches i have had. Can any body give me any welcome advice please. Link to comment Share on other sites More sharing options...
JoeP Posted November 8, 2006 Share Posted November 8, 2006 Unfortunately, the only advice I'll give is the stuff you might not want to hear. I've had debt problems in the past and a crap credit rating for several years afterwards is the price you pay, even after you've got it tidied up. The first thing to do is to get your Credit Record - this is available from Experian and Equifax, and by post you can get it by writing to them, enclosing a postal order or cheque for a couple of quid. They'll deliver it within 10 days or so. Check it and ensure that the information is correct. If there are things that are no longer accurate, you can get them corrected. However, if you've had CCJs, IVAs, defaults, etc. then that information will stay there for 6 years. Don't believe anyone who tells you they can 'clean' your credit history - they can't do anything you can't do, and will charge you royally for it. The Citizen's Advice Bureau and CCCS are good sources of assistance and advice. Stop applying for loans at the moment - every application you make will leave 'footprints' on your credit file that can reduce your rating. Get a budget made for yourself - include everything you have to pay out and then see how much you have left for 'goodies' - and that's it. In your current situation you shouldn't be thinking of borrowing money for holidays, cars, consumer goods, etc. Nor is it a good idea to borrow money to pay off debts. Make sure you're getting all the benefits that may be due to you - CAB is a good starting point here. Link to comment Share on other sites More sharing options...
Cyclone Posted November 8, 2006 Share Posted November 8, 2006 Get hold of your credit report from esperian and the other one (equifax?). Get them to correct any errors on it and get the association with your ex husband removed. If you have a bad credit score because of genuine problems in the past then you won't be able to 'correct' it and you'll have to accept that for a while credit is going to be very expensive for you. Link to comment Share on other sites More sharing options...
Le_Rosbif Posted November 8, 2006 Share Posted November 8, 2006 Hi i have been trying to get a loan for a couple of months now but all i am getting is the run around and being asked to pay "brokers" fees.I have a poor credit rating due to my divorce that seemed to go on for ages.I am just going round in circles while in the meantime making my credit score even worse with all the credit searches i have had. Can any body give me any welcome advice please. Keep getting turned away for loans because you have a poor credit rating, CCJs, unemplyed, self employed, a pensioner. Finding that every door you try is locked?? Then Ocean finance has the key. We can give you any amount you wish and will charge you and your next of kin* ( applicable when you pass away) a typical rate of 67% apr over the next 140 years. Link to comment Share on other sites More sharing options...
kingdon Posted November 8, 2006 Share Posted November 8, 2006 Hi i have been trying to get a loan for a couple of months now but all i am getting is the run around and being asked to pay "brokers" fees.I have a poor credit rating due to my divorce that seemed to go on for ages.I am just going round in circles while in the meantime making my credit score even worse with all the credit searches i have had. Can any body give me any welcome advice please. whats the loan for? is it really that important you have to spent the money you havnt got? Link to comment Share on other sites More sharing options...
juliew Posted November 8, 2006 Author Share Posted November 8, 2006 yes i just want one monthly payment and see how much i have left for vets bills. Link to comment Share on other sites More sharing options...
Ellybum Posted November 8, 2006 Share Posted November 8, 2006 whats the loan for? is it really that important you have to spent the money you havnt got? Here we go again - holier than thou KINGDON I'd really like to know what life experience you've got to be asking that type of question. Link to comment Share on other sites More sharing options...
JoeP Posted November 8, 2006 Share Posted November 8, 2006 Here we go again - holier than thou KINGDON I'd really like to know what life experience you've got to be asking that type of question. Actually, the question may have been phrased badly but it IS relevant - many people attempt to borrow when already in debt to buy stuff that makes them feel happier in the short term. First thing to do in most situations - and it certainly was in mine - don't borrow more money unless you REALLY have to - otherwise the hole is getting deeper. Link to comment Share on other sites More sharing options...
Darbees Posted November 8, 2006 Share Posted November 8, 2006 I once got knocked back for a credit card and was most indignant. I did a search and found that my brothers, wifes ex husband had caused this just by being associated with us indirectly and I don't even know him. It happened because his wife had guaranteed a loan for him, he defaulted, she got CCJs and then she married my brother who used to live at my address. They removed it all when I pointed it out but it's important that everyone checks these things periodically. Link to comment Share on other sites More sharing options...
Guest Posted November 8, 2006 Share Posted November 8, 2006 yes i just want one monthly payment and see how much i have left for vets bills. if you're having financial trouble you may get help with veta bills from the rspca. I'm a mortgage advisor for the halifax, do you have a mort? have you though about a possible remort to reduce your rate or increasing the term to reduce themonthly payments? Why exactly is your rating poor if you dont mnd me asking. If its anything to do with accounts that were in your ex's name then it shouldn't affect you... If you want to PM me with a list of your debts, monthly payments and net monthly income I'll see if I can work out a budget plan for you. Jen x x x Link to comment Share on other sites More sharing options...
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