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I have a rather large lump sum to inherit when im 21, 20 now, could i get a loan that gets paid straight out of that money???

liamladd
by liamladd 12 February 2013  |  Comments 4 comments  |  Love Love  0 loves

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Comments (4)

  • MikeGG1
    Love rating 878
    MikeGG1 posted

    It would be up to the lender. It would have to be an unsecured loan as you wouldn't be able to assign the inheritance.

    Mike

    Posted on 13 February 2013 | Love Love  0 loves Report
  • Basia02a
    Love rating 43
    Basia02a posted

    What is the rush - wait

    Posted on 20 February 2013 | Love Love  1 love Report
  • amwell44
    Love rating 39
    amwell44 posted

    Banks lend on the strength of historical criteria, so they will look at the past conduct of your account, if you have one and your Credit Rating. They won't take into account your future prospects. You might do better to approach a private lender, who might require you to execute a Deed and a guarantor as well.

    Posted on 21 February 2013 | Love Love  0 loves Report
  • PoohBah
    Love rating 18
    PoohBah posted

    Patience, dear boy. It sounds rather as if you are already planning to blow the inheritance, so perhaps this would be a good time to seek advice, before you get your hooks on the cash and it's too late.

    Posted on 21 February 2013 | Love Love  0 loves Report

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