max loan term = contract length?

[northernladuk]

NLUK some posters are a bit simple and some bank "managers" are also thick.

I know quite a few self-employed people/contractors whose business advisor is someone who is clearly under 25, has no concept that different types of businesses have different needs and wonders why the person in front of them doesn't agree with the computer.

Why do you assume he is speaking to his business manager when a) he is after a personal loan for a car and b) he says 'bank manager'? Who speaks to bank managers about personal loans nowadays? And the 3 months thing? What has the length of his contract got to do with his credit worthiness and ability to pay. If you get given that excuse you naturally just go try another bank.

Either the OP is just making this up or there is a long sorry history to this we are not being told.

[contractor0118]

If you just put down your income in the application form, I'm really surprised the bank are checking further than that, unless you have poor credit score?

i have a new bank manager not met hr face to face yer, i forwarded her copy of my new contract and she replied saying they can do 6 month blah blah

[contractor0118]

You have a couple of options here - educate the bank manager (good luck with that)
or
Go to a specialist advisor. ContractorFinancials and AS Financials (Martin is a fairly helpful chap) are both quite helpful.

is there any link / article / document that i can share with her , ? might help educating her , chances are that she is young i know for sure she is new at this branch

[contractor0118]

Why do you assume he is speaking to his business manager when a) he is after a personal loan for a car and b) he says 'bank manager'? Who speaks to bank managers about personal loans nowadays? And the 3 months thing? What has the length of his contract got to do with his credit worthiness and ability to pay. If you get given that excuse you naturally just go try another bank.

Either the OP is just making this up or there is a long sorry history to this we are not being told.

her correct title is : Customer Service Officer , so shouldnt have said bank manager, no issues with my credit,

[Jessica@WhiteFieldTax]

i have a new bank manager not met hr face to face yer, i forwarded her copy of my new contract and she replied saying they can do 6 month blah blah

Go on to one of the money comparison sites, apply based on being an employee, job title = "company director". You should sail through.

[Fandango]

Wonga.com for you my lad!

[Scrag Meister]

hi

trying to borrow from my bank so i can buy a better car but bank managers says loan term cnt be longer than 6 month due to me being on 6 month contract..

:/

any advise? is thats how it works ?

What?

So how come I have been given a mortgage of 400k for 21 years?

Some people are so small minded. Unless you are buying a 200k Ferrari or something similar.

Definitely go in with the I'm a director and earn 10k a month or whatever, also show him your EOY accounts.

Anything to persuade him.

What car are you after and how much do you want to borrow?

If still not successful, try another bank.

[contractor0118]

i explained her that i am employee of myself and she is happy with this but wanta audited accountat for 2 years , i was permie until late last year !! so i left my 50k pa permie late last year and she cant help me :/

she aid she has spoken to other managers from her side and they dnt take first year into account. and im within first 6month of being self employeed

[eek]

i explained her that i am employee of myself and she is happy with this but wanta audited accountat for 2 years , i was permie until late last year !! so i left my 50k pa permie late last year and she cant help me :/

she aid she has spoken to other managers from her side and they dnt take first year into account. and im within first 6month of being self employeed

Which screams to me thank you very much but I'll take my current account and everything else elsewhere.

[northernladuk]

Which screams to me thank you very much but I'll take my current account and everything else elsewhere.

Dunno, would you lend money to to someone with only 6 months self employed and no history if they would be any good at it?