secondspring
Registered User
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- 3
Hi all,
Looking for a bit of advice!
Recently declined a personal loan for 12k from BOI. I became self employed about 6 months ago which is the reason they cited for turning me down.
I had asked if having a guarantor on the loan would help, but they say that facility is only open to student loans, and that my only other option would be a joint application with someone in receipt of a regular income from a company. They were not too helpful about the whole thing to be honest. Although my income is quite regular and is sufficient for the size of loan I'm looking for, its the fact it hasn't been coming in long enough with me being self employed. I didn't think having a guarantor was exclusive to student loans, so I'm wondering is this just BOI? I have a family member with a good regular income to help me with this.
Would another bank be open to the idea of a guarantor on a personal loan?
I've recently paid off a 7k loan with any issues, have no overdraft, credit card or any other kind of debt, so my credit rating should be pretty good.
Thanks
Looking for a bit of advice!
Recently declined a personal loan for 12k from BOI. I became self employed about 6 months ago which is the reason they cited for turning me down.
I had asked if having a guarantor on the loan would help, but they say that facility is only open to student loans, and that my only other option would be a joint application with someone in receipt of a regular income from a company. They were not too helpful about the whole thing to be honest. Although my income is quite regular and is sufficient for the size of loan I'm looking for, its the fact it hasn't been coming in long enough with me being self employed. I didn't think having a guarantor was exclusive to student loans, so I'm wondering is this just BOI? I have a family member with a good regular income to help me with this.
Would another bank be open to the idea of a guarantor on a personal loan?
I've recently paid off a 7k loan with any issues, have no overdraft, credit card or any other kind of debt, so my credit rating should be pretty good.
Thanks