How strict is the Finance?

Ive got my consultation wednsday and will have to go down the finance option, Ive got a feeling ill get declined as my credit isnt great, I was planning to pay it in 12months interest free will that go in my favour at all? would love some more info on the finance side of things, Can save and have it done with the saving scheme but wanted it done asap x Kirsty x

have you got someone who can be your guarantor for the loan with mya? maybe try that if it doesn’t work in just your name. have you got any money for the deposit? Maybe you could get a 0% credit card with tesco?

xx

Yeh i do have someone who is willing to be my guarantor but his credit isnt great either. I might try tesco credit card ill see if i can get the loan with mya first tho, I dont have a deposit wanted to pay the full cost over 12 months x

They won’t do the loan without £1000 deposit and I think the guarantor needs to have good credit history.

Be aware also the more loans you apply for the lower your credit rating will go so maybe access whether you will get it before actually applying

*assess*

Id get your credit report I’d you can to see how bad your credit is because sometimes it’s not as bad as you think and you may be able to get credit yourself X

I got a loan from first medical but my mum had to be my guarantor, they have to be a home owner…. they say gaurantor but really it’s joint applicant. They only offered me the 12 month interest free option though so i think saying you can do that would help. I didn’t have to put a deposit down or anything….

MYA put some funding towards first medical so they get a bit of a say who gets accepted, i was declined at first then my PC spoke to her director and they got them to approve it so if you’ve got bad credit like i have then it’s probably easier to get a loan with them than anyone else xx

Ive checked my credit score and it is Fair i never miss payment but i have alot of credit accounts, My gurantor is in the process of selling his house would that still be ok? x

I’ve just put my application through to first medical loan. My mum is my joint applicant as im only a student and work part time. She’s renting a flat and works full time and it’s all fine, just waiting to hear back from them today.

Hey abbie let me know if they say yes, ive gt my consultation on wednsday so will be applying for finance then. Fingers crossed for you x

Just got a call from them and they said I was unsuccessful : noooo! I dont’t no what to do now I’ve tried for credit cards but because my credit score is really bad i don’t get excepted, literally gutted. x

i Know that feeling ive been turned down for things b4 so i knw i wnt be successful. Worst case senario tho do the Mya saving scheme, thats what im gunna do if i get turned down x

Yeah, might do that, but I dont see the point in the saving scheme that much… Its just like saving but your giving them the money and it will take just the same amount of time if you was to save the money yourself, Im looking to borrow money so I can pay it monthly and have the procedure done earlier. But your right, if worst comes to worst, might just have to do the saving scheme. x

Apparently Tesco loans is supposed to be good..? Klill do you have a gurantor?

I applied for a tesco loan 3 months ago and was unsuccsesful I do have a Guarantor but there credit score it great either, My stepdad is selling his house and is waiting for the money to clear, he said he might lend me it if i dont get the finance so hopefully it will work out in the end x

ahh that’ll be good, wish i knew someone who was able to lend me the money haha. id you personally apply for the loan at tesco or did your guarantor? x

I applied, My credit score was exellent then and i was refused! Its gone down to Fair now so ill prob get refused with Mya. Its so annoying as well because i know i can afford to pay it, wanted Ba for 5 years now just hope it works out in end cos otherwise looks like ill be saving for 12 months, I prefer the Mya saving scheme cos i cant save ill end up spending it

that must be so annoying, the thing with me is i dont have much of a credit score becuase i have never had a credit card or anything! I hope it all goes well for you and let me know how it goes if you do get excepted or you decide to go for the saving scheme. I’ll let you know if i ever manage to get a loan haha. x

Ok hun will do x

Hi Klill25

There is no problem with applying if your joint applicant/guarantor is selling his house. As long as he is working over 20 hours a week, and has a good credit history.. no CCJ’s, default payments.

We have very flexible finance packages here at MYA, there’s no need to worry prematurely. If you were to be declined, then we could take a look at the application, and possibly offer a lower amount, or a higher APR.

The best thing to do is to make an application with your joint applicant, and see how that goes. You’ll never know until you try.

If you would like any more information, or you would like me to look into your case; please e-mail info@mya.co.uk, and I would be more than happy to do this for you.

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