Are there any solutions?
Thanks for your help.
2006-10-01 03:19:28 · 5 answers · asked by Mark C 1 in Business & Finance ➔ Credit
You must have a really secure job or some assets
2006-10-01 14:56:28 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The reasons that these standard exist is that they tell you (and the lender) when there WILL be problems.
If you borrow too deeply into that debt/income ratio, you will have to depend on good luck. One little spell of bad luck and you're hurting bigtime.
I'd suggest restructuring your debt (sell off stuff, consolidate, etc) as the first step.
2006-10-01 03:28:37 · answer #2 · answered by geek49203 6 · 0⤊ 0⤋
Rethink the idea of a loan, you already have a lot of debt,
why do you want to have more debt??
This might be the time to concentrate on reducing your
current debt instead of increasing the debt you now owe.
2006-10-01 09:37:16 · answer #3 · answered by rpf5 7 · 0⤊ 0⤋
depends on your credit score. see some tips on moneysupermarket website, they can check yours, and see if you qualify for a loan.
2006-10-01 03:23:20 · answer #4 · answered by digitalfortress 3 · 0⤊ 0⤋
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good luck!
2006-10-02 14:26:25 · answer #5 · answered by ken_voss12345 4 · 1⤊ 0⤋