getting a loan

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June 2, 2009 at 10:08 pm

#923319
1

spark_plug

@spark_plug

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is your name hannah?
June 3, 2009 at 8:09 am

#923314
1

process

@process

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spark_plug;331423 wrote:

is your name hannah?

maybe….?!?!?!?! :you_crazy:
June 3, 2009 at 8:32 pm

#923307
1

skattyasfuk

@skattyasfuk

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@djprocess 331276 wrote:

does anybody know any good companies? that arent going to totally rip me off? :hopeless:

I haven’t read anybody else’s posts sorry sorry if i’m repeating what somebody else has already said.

Don’t get a loan mate! Seriously they are all business trying to make money out of YOU! Its not free money! :yakk:

If you want something save for it! :crazy_dru
June 3, 2009 at 8:54 pm

#923302
6

General Lighting

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I’m a couple of weeks away from paying off all my credit card debt from the late 1990s (nearly a decade)…. leaving my only debt being the mortgage (which at current interest rates costs me less than rental of a house the same size!!) and ironically every fucking finance company in the world is trying to offer me more money

I’m apparently a “yuppie” for this area, work in a management position, am a homeowner and have been in full time work constantly now since age 19 (i.e basically since I dropped out of uni…) – and I’m offered loans at reasonable interest rates but the last thing I want is to take more financial risks, done plenty enough in the 90s/2000s…

I think djprocess may not have been in full time work long enough to get the credit ratings and the “rip offs” have come because the economy is fucked now, it looks like its going to stay fucked for the best part of a few years and no bank is going to lend younger people money for risky ventures such as the purchase of a motor van merely to go partying in as they’ve already fucked up big time on the gambles of so-called “hard nosed businessmen” what are supposed to know their stuff…
June 3, 2009 at 9:02 pm

#923323
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GiantMidget

@giantmidget

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General Lighting;331581 wrote:

no bank is going to lend younger people money for risky ventures such as the purchase of a motor van merely to go partying in as they’ve already fucked up big time on the gambles of so-called “hard nosed businessmen” what are supposed to know their stuff…

Probably a good thing. I was very naive when i got my loans. Was offered em on a plate when i was younger and the lure of having loads of money was very strong. Didn’t last long though, Got another one to pay off the first loan and ended up spunking that up the wall. Bit shit really but hey ho it’s my own fault. At least i’m dealing with it through the correct channels instead of ignoring it as so many people i know are doing. Gonna take me a while to pay it back but at least now i’ve learned my lesson! 😉
June 4, 2009 at 8:13 am

#923315
1

process

@process

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skattyasfuk;331577 wrote:

I haven’t read anybody else’s posts sorry sorry if i’m repeating what somebody else has already said.

Don’t get a loan mate! Seriously they are all business trying to make money out of YOU! Its not free money! :yakk:

If you want something save for it! :crazy_dru

BUT I WANT IT NOW! 😉
@GL dont think its my credit rating, didnt even get that far tbh. just dont think im earning enough. how they said they work it out is take your rent, then take £500 as living expenses, then what ever your left with you can get a loan on, seeing as i live on my own, that doesnt leave me with that much left over with which to get the loan… oh well, sure they’ll be another bus i can get in a few months… :weee:
June 4, 2009 at 8:56 am

#923328
1

DaftFader

@daftfader

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General Lighting;331581 wrote:

no bank is going to lend younger people money for risky ventures such as the purchase of a motor van merely to go partying in as they’ve already fucked up big time on the gambles of so-called “hard nosed businessmen” what are supposed to know their stuff…

that’s not strictly true i am only 23 never had a lone b4 and only been in the job i am in for about 3 months and 2 months ago got a £3000 loan easyly .. in your defence tho it’s a buliding sociaty and not a bank:wink:
June 4, 2009 at 9:44 am

#923303
6

General Lighting

@general-lighting

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djprocess;331629 wrote:

BUT I WANT IT NOW! 😉
@GL dont think its my credit rating, didnt even get that far tbh. just dont think im earning enough. how they said they work it out is take your rent, then take £500 as living expenses, then what ever your left with you can get a loan on, seeing as i live on my own, that doesnt leave me with that much left over with which to get the loan… oh well, sure they’ll be another bus i can get in a few months… :weee:

If you can’t get the loan on the “spare income” bit its even less likely to work than the credit rating.

It is true though most of these loans are pitched towards young couples and for home improvements. often the banks get at least one parent to guarantee it – its also why a lot of couples live together too quickly and then split acrimoniously (good way of getting a cheap house already done up though if you buy one off one of these couples parents…)

TBH you could probably get a reasonable van by saving a few months worth of what would be the repayments, mate of mine got a bedford TK (plus paying for the C1 license you now need to drive it!) that way. gives you more time to do research and not buy a shit heap as well..
June 4, 2009 at 9:51 am

#923316
1

process

@process

Member
General Lighting;331640 wrote:

TBH you could probably get a reasonable van by saving a few months worth of what would be the repayments, mate of mine got a bedford TK (plus paying for the C1 license you now need to drive it!) that way. gives you more time to do research and not buy a shit heap as well..

do you know how much it is to get the C1 license, what it involves?
June 4, 2009 at 10:00 am

#923329
1

DaftFader

@daftfader

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djprocess;331641 wrote:

do you know how much it is to get the C1 license, what it involves?

aparently driving 7.5 ton vhc’s are easyer than cars as your much higher up and can see alot more
June 4, 2009 at 10:00 am

#923304
6

General Lighting

@general-lighting

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djprocess;331641 wrote:

do you know how much it is to get the C1 license, what it involves?

there’s a thread on tribal living somewhere – it varies from place to place, but the impression I got is that it can be about a grand or so on top of the cost of the vehicle! I would expect it opens a lot of other opportunities for work though..
June 4, 2009 at 10:35 am

#923317
1

process

@process

Member
General Lighting;331643 wrote:

I would expect it opens a lot of other opportunities for work though..

good point…
June 4, 2009 at 3:55 pm

#923305
6

General Lighting

@general-lighting

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DaftFader;331637 wrote:

that’s not strictly true i am only 23 never had a lone b4 and only been in the job i am in for about 3 months and 2 months ago got a £3000 loan easyly .. in your defence tho it’s a buliding sociaty and not a bank:wink:

for the last 20 years building societies (which started off as co-operative enterprises!) have moved away from being a way someone can get on the housing ladder (with mortgages etc) to being “easier” providers of loans than banks…

even with the recession its still like when a dealer gets busted, loses fuckloads of drugs and has to still tick the next lot off the man higher up the chain and then sell the rest (often also on tick) to pay off the debts and keep his profits coming in…
June 4, 2009 at 4:32 pm

#923330
1

DaftFader

@daftfader

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General Lighting;331702 wrote:

for the last 20 years building societies (which started off as co-operative enterprises!) have moved away from being a way someone can get on the housing ladder (with mortgages etc) to being “easier” providers of loans than banks…

even with the recession its still like when a dealer gets busted, loses fuckloads of drugs and has to still tick the next lot off the man higher up the chain and then sell the rest (often also on tick) to pay off the debts and keep his profits coming in…

are you talking about securities?
June 4, 2009 at 4:39 pm

#923306
6

General Lighting

@general-lighting

Moderator
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DaftFader;331712 wrote:

are you talking about securities?

yep, and the practice of betting on their future profits, already caused one crash and now causing another…

Margin (finance) – Wikipedia, the free encyclopedia
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