Thread: I need a loan...where from????

I need to find a lender that can loan me £6000 for a house deposit and fairly quickly.

I previously had a car loan and an unsecured loan wih Welcome finance and managed to pay the car loan off in April. I have never missed a payment on either and I enquired in April about one of their house deposit loans. They said that it would be no problem and just ring up when we needed it with the name of our solicitor. As such we went house hunting. Once we knew how much we could borrow on the mortgage we then went back to Welcome to ask about their deposit loans. They then advised that it would be no problem we could borrow £5000 as a secured loan for a deposit and then add our existing loan to it to reduce the payments.

Win win we thought. So we found a house got a mortgage started the solicitor on his way and then rang up Welcome to say OK we need that loan now...after three promised ring backs we didn't get any responce...so a final phone call to the mysterious Sarah who arranges these loans and all of a sudden we can't have one...the reason...because we already have a loan with them and your not allowed two loans????Unbelieveable as I had a car loan and an unsecured loan at the same time???

So to cut a long story short I need a £6000 loan so I don't lose this house... I'm currently renting at the moment and the agreement cannot be renewed at the end of September so I may end up homeless. They worse thing is I'm claiming over £10k back from Abbey and I wont exactly need the loan for that long...about 3 months...

Unfortunately my credit isn't all that good so I can't use a high street lender...where can I go?

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Citifinancial give bad credit loans. The interest rates can be very steep though, up to 40%+, but if you're paying it back in a few months that won't matter. Having had one in the past which I paid up early, I can confirm their early payment figures are fine, they just charge a couple of months interest.

Thanks for that Rob I'll find em out tomorrow

Originally Posted by norvernrob

Citifinancial give bad credit loans. The interest rates can be very steep though, up to 40%+, but if you're paying it back in a few months that won't matter. Having had one in the past which I paid up early, I can confirm their early payment figures are fine, they just charge a couple of months interest.

which you could then claim back i think, check out threads on redemption fees!!!