loans

[carlos]

I want to take on a loan, but at the moment I am on benefits. I have no CCJs or bad credit. What are the chances of me being approved?

[Oneeyedvic]

Your best bet is your bank. A lot of funders are careful about lending to people on benefits as if you were to not pay them it is difficult to get a court to grant a payment order for anything more than a few pounds per month. Having said that if your benefits have been going into a bank, the bank will probably see you as okay

[Scarlett]

Just go for it, I would. Try filling in a loan application online just to see if they approve you. If they don't, then you already know the answer. If they do, then hurrah!

[secretspirit]

I'd agree with scarlett and say use an online application. Besides not having the potential embarassment of the bank turning you down, the rates are likely to be way lower than a bank. Banks charge a fortune compared to something like Northern Rock or Cahoot online.