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Hi, I'm woodiepicker12! I have a bad credit score, where can I get a loan?
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I should clarify what I said about the CAB, they seem to muddy the waters by refering to "credit scores" was what in fairness I should have said.
Anyway I have had my say on the subject and will duck out of this one now.2024 The year of the general election...the time for change is coming 💡 -
Very confusing when equifax and such like give different information thats all
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This year I have had credit rises and my credit score has gone higher on whst I can see and what the lenders see as I have two views so I could see but it is very confusing and @woodbine I apologise as you say there is different information hard to see which is correct
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If the loan is for an essential item could you apply for a charitable grant. Maybe a utility company or through a former occupation.
How about a budgeting loan from the DWP (if eligible) which means you won't pay interest.
Banks have more of a duty of care so they will do an affordability check even if you meet their credit criteria. There are credit cards with a low credit limit but high interest rate. (for building up credit score and lower entry criteria)
If you are struggling with debt then a free debt agency might be able to lower your repayments each month so you have more cash for the things you need.
I think saving a little at a credit union to build-up goodwill for a small loan in the future is a good idea from above.
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lisathomas50 said:This year I have had credit rises and my credit score has gone higher on whst I can see and what the lenders see as I have two views so I could see but it is very confusing and @woodbine I apologise as you say there is different information hard to see which is correct
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I have three credit cards and two cataloges first time in 5 years I have had a credit rise I have extra credit on my credit cards and my cataloges now was only allowed small amounts now I have larger amounts
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lisathomas50 said:I have three credit cards and two cataloges first time in 5 years I have had a credit rise I have extra credit on my credit cards and my cataloges now was only allowed small amounts now I have larger amounts
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@mikehughescq, well put, @woodiepicker12 also check your bills at home and try to reduce those if you can.
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I'm no debt expert but I agree you can sort it yourself without paying for a debt management company
Of you are struggling to pay debts ring your creditors and explain they will work with you to arrange an affordable repayment plan
This can include reduced payments, interest not being charged nonpayment for set period
They would rather you arrange something with them than ignore the situation
I have paid off all my debt this way and moe debt free
Yes it does affect your credit history but I don't intend to take on debt again
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