I recently got turned down at the 11th hour for a secured loan because I work as a contractor through an agency, despite having a good income, a rolling 6 month contract (renewed last month) and secured on the house (over £12k equity). As you can imagine I was highly annoyed being pre-approved then after 7 weeks of passing papers back and forth they stop on the day of issuing a cheque.
I have bad credit also, which adds to the pot, but is obtaining £5000 really unrealistic??
the risk is with me because its secured on the house, I can afford to pay the loan with a good rolling contract, and I have double the loans equity in the house so I really dont understand why Im so uncreditworthy via this route.
My fiance' doesn't have an income, shes a homemaker.
Does anyone have any ideas or experience themselves that could help? The loan will be mainly for improving the value of my home through improvements.
I was turned down by a broker LoanMakers.co.uk
I have bad credit also, which adds to the pot, but is obtaining £5000 really unrealistic??
the risk is with me because its secured on the house, I can afford to pay the loan with a good rolling contract, and I have double the loans equity in the house so I really dont understand why Im so uncreditworthy via this route.
My fiance' doesn't have an income, shes a homemaker.
Does anyone have any ideas or experience themselves that could help? The loan will be mainly for improving the value of my home through improvements.
I was turned down by a broker LoanMakers.co.uk
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