J
justindublin
Guest
Hey Guys,
Having a major problem that hopefully you guys could help with.
I'm 18 and work two jobs, One in IT for a large Irish company and another in a part-time position on weekends in Retail store.
During November to January i was working THREE jobs and on adverage 55 hours a week, However one of these jobs was only for a sesional period for a events managements company and come January i was back to just my other two jobs.
Recently in the IT job i was given a promotion to a full-time position on a higher pay bracket and now earn approx €400 weekly from this while still taking home a further €50 weekly from my Part-Time position, all after tax.
I have has a current account with BOI for over 4 years and during this time all my banking was done with these including all my payments for my employers.
I have a €300 euro overdraft facility on this account with i sometimes use but as with overdrafts it is repaid weekly once my wages is lodged.
I also have a credit card with a limit of around €800, i think which i currently have a €400 balance on but is non outstanding or anything.
At present i do not have any outstanding debits appart from the balance on my mastercard which i havnt even recieved my first bill from yet. I have 4 direct debits on my account which are always paid ontime but sometimes use some on my overdraft but VERY seldom.
Recently i applied for a loan from BOI of €8000 euro to finance a new car, unfortunatly my application was turned down and i cant for the love of god think why. Off the top of my head i thought maybe this was because of my young age and attempted to re-apply for €6000 euro instead but i've been told i must now wait three months. I know several people who have only recently joined bank of ireland with very little banking history and recieved loans almost instalntly after applying.
After i was refused i applied to AIB and EBS who also turned down my load application. The only reason i can think of for this are:
1) Because i was refused by BOI this is marked on my ICB
(Does this happen?)
2) My bank statments on my current account would show my lodgements being withdrawn over the week frequently, leaving very little in my account by the next pay date.
3) My young age
Can anyone think of a way i might be able to get this loan?
I was thinking finance throught the dealer and provide written confimation from my employers stating my earnings and stable employment. I have several people who will go guarentour but non of whom are home owners.
Do bank managers still do meetings?
Do my 2 refused application affect my future applicaions?
Any advise would be greatly appriciated and i look forward to your replys, Cheers Guys!
Having a major problem that hopefully you guys could help with.
I'm 18 and work two jobs, One in IT for a large Irish company and another in a part-time position on weekends in Retail store.
During November to January i was working THREE jobs and on adverage 55 hours a week, However one of these jobs was only for a sesional period for a events managements company and come January i was back to just my other two jobs.
Recently in the IT job i was given a promotion to a full-time position on a higher pay bracket and now earn approx €400 weekly from this while still taking home a further €50 weekly from my Part-Time position, all after tax.
I have has a current account with BOI for over 4 years and during this time all my banking was done with these including all my payments for my employers.
I have a €300 euro overdraft facility on this account with i sometimes use but as with overdrafts it is repaid weekly once my wages is lodged.
I also have a credit card with a limit of around €800, i think which i currently have a €400 balance on but is non outstanding or anything.
At present i do not have any outstanding debits appart from the balance on my mastercard which i havnt even recieved my first bill from yet. I have 4 direct debits on my account which are always paid ontime but sometimes use some on my overdraft but VERY seldom.
Recently i applied for a loan from BOI of €8000 euro to finance a new car, unfortunatly my application was turned down and i cant for the love of god think why. Off the top of my head i thought maybe this was because of my young age and attempted to re-apply for €6000 euro instead but i've been told i must now wait three months. I know several people who have only recently joined bank of ireland with very little banking history and recieved loans almost instalntly after applying.
After i was refused i applied to AIB and EBS who also turned down my load application. The only reason i can think of for this are:
1) Because i was refused by BOI this is marked on my ICB
(Does this happen?)
2) My bank statments on my current account would show my lodgements being withdrawn over the week frequently, leaving very little in my account by the next pay date.
3) My young age
Can anyone think of a way i might be able to get this loan?
I was thinking finance throught the dealer and provide written confimation from my employers stating my earnings and stable employment. I have several people who will go guarentour but non of whom are home owners.
Do bank managers still do meetings?
Do my 2 refused application affect my future applicaions?
Any advise would be greatly appriciated and i look forward to your replys, Cheers Guys!