Getting a loan or finance

[cojak]

And that’s what happens when you post in General.

I’ll copy the OP into A/L and let’s try again...

[scooterscot]

FTFY

Certainly is, the one indicator that never fails: Crypto Fear & Greed Index - Bitcoin Sentiment - Alternative.me

[northernladuk]

Just buy crypto.. Next stop the moooooooon.

FTFY

[Paddy]

Hi all

New to contracting and this forum so go easy

I switched from perm to contract a couple of months ago. I have only been paid once so don't have much saved up, and no savings otherwise (yes it was a risky move).

We are also about to do some building work on our house and somewhat short on funds, about 25k or so. So I need to borrow the money, and my ltd company doesn't have it so I can't take a directors loan. I can get 0% credit card advance of 9k but still short.

So, my question is, can I apply for a normal high street loan for say 20k, what sort of history will be required i.e. do they look at dividends/salary, or is there any way I can get a loan, only having been in a contract for a short time? How does this work normally if you are a director with a small salary taking dividends?

Obviously the sensible thing to do would be to delay the building work until I have more funds, but for one reason or another we need to start in the next month or so. I will be able to pay back 2k a month or so out of my dividends.

Thanks!

Don't borrow money, tell the wife to stop nagging.

[scooterscot]

If you can't afford the money, you can't afford to build. Try saving instead.

[fullyautomatix]

Halbot, would the building works be done by a professional naked fat lazy contractor?

[northernladuk]

If a new contractor has a question about his accounts and what he can do with the money should he ask...

A) His Gladiator
B) His Accountant
C) His Radiator Bleeder

When asking for free help from people should he...

A) Post in any part of the forum he wants because he can't be arsed to find where to put it
B) Take 10 seconds to read the headings of each section and post it in the appropriate place
C) Put it in General because he wants a proper roasting by a fat lazy contractor.

Answers on the back of a £50 note and push through the letterbox please.....

[halbot]

Hi all

New to contracting and this forum so go easy

I switched from perm to contract a couple of months ago. I have only been paid once so don't have much saved up, and no savings otherwise (yes it was a risky move).

We are also about to do some building work on our house and somewhat short on funds, about 25k or so. So I need to borrow the money, and my ltd company doesn't have it so I can't take a directors loan. I can get 0% credit card advance of 9k but still short.

So, my question is, can I apply for a normal high street loan for say 20k, what sort of history will be required i.e. do they look at dividends/salary, or is there any way I can get a loan, only having been in a contract for a short time? How does this work normally if you are a director with a small salary taking dividends?

Obviously the sensible thing to do would be to delay the building work until I have more funds, but for one reason or another we need to start in the next month or so. I will be able to pay back 2k a month or so out of my dividends.

Thanks!