The Next Leader Of The Opposition Speaks...
Politics5 mins ago
No best answer has yet been selected by jridgeback. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Not strictly true - a person under 18 can take out credit themselves without a guarantor under the 'necessities' ruling.
I work in the finance industry and we recently wrote an agreemetn (hire purchase) to a 17 year old with her mother as joint borrower.
I asked at the time why we didn't advertise the fact that we could do credit to 17 year olds - said it wasn't commercially viable and not worth the hassle
So in answer to your question, although it may be legal, no lender wawnts the hassle.