We Need A £55K Loan, What Do We Do?

[Greesem0nkey]

My fiancée and I need £15k for our wedding in March, £30k for a car (her 30th birthday present) and £10k to consolidate our previous loan. Our combined income is £44k and living with parents so is def affordable. Do we...
1. ask our bank who've refused us in the past for a joint loan ?
2. go online for a joint loan?
3. go online for 2 separate loans?
4. get a PCP for the car and a joint loan?
...or something else we've not thought of?

Please help!!??

[whiskeryron]

I would say that you are both living in dreamland.
Get a grip on life & pay off your present loan before doing anything else then sit down & SENSIBLY work out your strategy.

[EDDIE51]

First thing is to find what your credit rating is, there are lots of free sites to use. If you have a poor credit rating then you need to pay off what you owe now and try again in a year or two.

[Islay]

My advice would be don't spend 30k on a car - go for a good quality 2nd hand car from a dealership so you get a decent warranty. I appreciate that she commutes a distance but you lose so much money driving the car of the lot.
I personally would not go for so much of a loan but if you are determined see Martin lewis website for advice
Good luck

[Greesem0nkey]

Also both of our credit ratings are very good, we were only refused on affordability and there will def be no kids!

[EDDIE51]

As said, as you are less than 2 years in your job it will not be considered permanent by lenders, hence the unaffordability.
Try again when you have 2 years service under your belt.

[wiltsman]

Is this post a wind up?

If it isn't, get real, you've already had plenty of sensible advice!

[ToraToraTora]

you clearly cannot afford those things. Crikey £30k for a jam jar? get a good run around for a bag of sand all day long.

[davegosling]

"and can therefore afford a little luxury."

You're £10k in debt! You can't afford anything until you've paid that off.

[davegosling]

"Is this post a wind up?"

My first thought too, but benefit of the doubt and all that...

[ummmm]

Speak in flipping English, TTT, you immature twit.

[Tilly2]

Why do I keep thinking of the phrase 'Cloud Cuckoo Land'?

[Smowball]

Assuming this post isn't a wind up - you do not need to spend £15k on a wedding! Our was fantastic and we spent just over £2k. Your wife doesn't need a £30k car - that's madness. What on earth would yo do if either if you lost your jobs?? And £44k combined isn't much at all I'm afraid - lost of people earn that on their own.

[Greesem0nkey]

I must admit...I wasn't prepared for the attitude of the majority of you. None of you know us or our circumstances but you didn't hold back your judgement.
Thanks to those who gave a mature, unabusive answer.

[NoMercy]

Who's been abusive?

I personally can't get my head around someone spending 30k of money they don't have on a car. Wouldn't that sort of money be better spent on a home of your own?

[DTCwordfan]

maybe you ought to think about the way your presented this, as we can not see your other outgoings such as family, what you contribute to the family pot, academic loans, credit cards and the rest, inc travel to work......and then whether you have stable jobs.

[Togo]

//Speak in flipping English, TTT, you immature twit.//@19.42

Answer to.

//Who's been abusive?//@20.15

[Mamyalynne]

Greese, It's true that in the serious topics we should stick to answering what is asked, I don't think the off topic replies are abusive as such though.

Rather they are expressing concern at someone wanting to start their lives together swathed in debt, lots of us come from an era of saving until you can afford something.

Good luck with whatever you decide to do.

[Islay]

Unfortunately the question you have asked will bring judgemental answers purely because of the sums involved.
I hope you have received some sort of answers that will help you.

[Smowball]

I'm also baffled by the fact that you are getting married in March but don't seem to have the money for it.

[Tilly2]

No one is being judgmental. We are all being practical. Getting a loan to pay off a loan is the road to ruin.