Originally posted by Pondlife
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: Info needed - Personal loan
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Info needed - Personal loan"
Collapse
-
-
Originally posted by joe69 View PostHi All,
I have been contracting for the past 3.5 years now but a newbie on this forum so please be gentle :-).
Anyway's I need some advice and suggestion regarding personal loans for IT Contractors.
I am looking for a personal loan of around £25000/-.
On any on-line application form for personal loans they ask for your monthly income and being an IT Contractor/Self Employed operating through my own ltd firm ,what monthly income should i mention? (My minimum salary or the contract rate)?
Also does anyone have any suggestions about specific lenders who are more considerate towards Contractors.
Any suggestions would be welcome.
Thanks for your help!
Joe
Presuming you are employed by your own ltd co, you could say that you are employed. Good luck but I don’t think you will get very far in the current climate.
Leave a comment:
-
Originally posted by jamesspratt View PostThere may always be unforeseen reasons for a loan. I found this post after googling "contractor personal loan" - I've been contracting for about 6 years, realise this is against my better judgement but can see no other alternative - to buy my ex out of our property, I need to raise a further £20k. Unless someone else out there has a bright idea, it is situations like these where a personal loan may be necessary.
So, with that background in mind, can someone please advise?
Thanks
On a serious note, remortgage the house.
(if there isn't sufficient equity then why are you giving her £20k?)
Leave a comment:
-
he said go easy on him
There may always be unforeseen reasons for a loan. I found this post after googling "contractor personal loan" - I've been contracting for about 6 years, realise this is against my better judgement but can see no other alternative - to buy my ex out of our property, I need to raise a further £20k. Unless someone else out there has a bright idea, it is situations like these where a personal loan may be necessary.
So, with that background in mind, can someone please advise?
Thanks
Leave a comment:
-
Originally posted by gingerjedi View PostI'm not a financial adviser or your mother but is it wise to be borrowing 25k after 3.5k years contracting? One of the golden rules for contracting is keeping your outgoings to an absolute minimum.
Ignore me if the loan is for something critical but if you're just after a flash motor you're doing it all wrong.
Leave a comment:
-
I'm not a financial adviser or your mother but is it wise to be borrowing 25k after 3.5k years contracting? One of the golden rules for contracting is keeping your outgoings to an absolute minimum.
Ignore me if the loan is for something critical but if you're just after a flash motor you're doing it all wrong.
Leave a comment:
-
Why do new posters always ask us to be gentle? What are we? A bunch of ogres or something??
Claim you income as you yearly income of PAYE and Divis and if they want proof of income point them to your accountant who can show it. Ask your accountant if he is willing to do that first though out of courtesy. Thats what I did for a mortgage and it worked fine.
Leave a comment:
-
This is going to be very much against the rules, however what's the worst that can happen on here - I can get banned, anyway -
Joey, have You Ever Been In A Turkish Prison?
Oveur.
Leave a comment:
-
Info needed - Personal loan
Hi All,
I have been contracting for the past 3.5 years now but a newbie on this forum so please be gentle :-).
Anyway's I need some advice and suggestion regarding personal loans for IT Contractors.
I am looking for a personal loan of around £25000/-.
On any on-line application form for personal loans they ask for your monthly income and being an IT Contractor/Self Employed operating through my own ltd firm ,what monthly income should i mention? (My minimum salary or the contract rate)?
Also does anyone have any suggestions about specific lenders who are more considerate towards Contractors.
Any suggestions would be welcome.
Thanks for your help!
JoeTags: None
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: