i am trying to apply for a loan asap, but i am not on electoral roll..?

Question

i am really distressed at the moment as i need to borrow money urgently.

please help me, my car is on my name and so are bank statements,

thank u

Answer 1

You forgot to tell us WHY you aren't on the roll. Is this by accident or design? Either way, it'll teach you to register properly so that you can prove who you are and where you live - as opposed to "borrowing" an address from somebody else.

Answer 2

Get yourself on the electoral role is an answer. One of the things that lenders check is whether you are listed in the telephone directory. Your absence from it won't bar you from a loan but your presence will help a lot. I am sad to tell you that I don't think you will get a loan from a commercial source. If you are successful do watch the interest rate. As you seem to check out OK with your bank why not borrow from them?

Answer 3

Try http://www.beatthatquote.com/loans where you can compare loans before taking one out. You'll get a call from a lender directly. I used them recently to apply for a wedding loan and found them to be really quick. These lenders want your business!

Failing that have you spoken to your bank? Some banks actually have preapproved lending limits for their customers. I found this out once when speaking to a personal advisor at Barclays. They said that I could take out a loan anytime with them for a certain value, pretty much guaranteed.

Answer 4

When the Bank I work for does loans for poeple who are not on electorial roll we require two forms of address verifiacation.

Full UK Driving Licence.
Recent Bank/ Bulding Society statement. (Not more than 3 months old)
Car/House insurance Document.
Car Registration Document.
Council tax Demand
Recent utility bill (NOT Mobile Phone)
Letter from DWP or Benefits Agency

Answer 5

It doesn't matter what you've already got in your name, if you're not on the electoral roll, when companies credit check you for a loan you will not show up as living at the address you are stating.

Have you asked the council to update their files to put you on the electoral roll, I just moved house and asked them to do this to save having these problems one day. The electoral roll is normally updated in March time when they wills end out a form for all households to fill in.

One way might be to apply to your bank, as you already have an account there and they won't need to credit check you, therefore avoiding this problem.

Answer 6

touch the electoral roll on the valuation board and ask to no longer be listed interior the common public sign in. This nevertheless skill which you're registered, yet your advice isn't open to any Tom, Dick & Harry to work out. no longer registering on the electoral roll isn't a competent thought however. Banks and different financial establishments examine the electoral rolls as area of their credit examine coverage. while you're no longer on it, then you certainly might finally end up with a decrease credit status than you're able to otherwise.

Answer 7

I don't understand the electoral roll portion of your question, but you should try Prosper.com -- the money available there is lent by other regular citizens, sort of like a bank made up by everyone. You should join a group and it is similar to eBay where you have a finite number of days that your loan is 'bid' on by those willing to lend you money. Then after your loan is 'funded' they can bid down the interest rate. Nobody defaults and it is a legit loan, but it is more of a honor loan. Check it out. Check out the Ordinary People group. And good luck! And Prosper.com is available only to U.S. citizens.

Answer 8

some people get credit and they are not on the electors roll.

If you manage your accounts properly, like keeping within your overdraft limit and paying your car off everymonth, I think you should be fine.

Answer 9

if ur not on the electoral role is could cause a lot of problems, its there way of checking u are who u say u are and u are a resident of this country,

Answer 10

most places will take bank statements, however you can do rolling registration now, so you can get on electoral roll quickly, just you wont be on the "for sale" copy they sent out so that wont help you.