I've recently started employment after being unemployed. How long should I wait until I make a loan application?
I have recently started a new job (14th June) after spending some time unemployed, claiming benefits.
My status with the bank was set as 'unemployed'. This has now changed, with my employment status confirmed.
My credit rating is unblemished, my score is good (though, I suspect/hope this will become 'excellent', since I have just paid off a credit card bill).
I get paid weekly, gross £400 - which will likely rise next week - by company cheque, with no other debts or major outgoings.
My question is:
Is there a recommended time I should I wait before I make an application for a loan of approx £8,000?
If so, how long and what sort of issues will I face?
Thanks in advance for your advice.Report