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Old 28-01-2020, 08:16 PM   #1
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Renovation Loan

Hi All,

I need some good advice.

I've been trying to secure a Renovation Loan but no luck at all.
Enquire a lot of renovation company that they tried applied for me and said the chances is super slim.
I do feel like giving up on loaning with Bank.
And honestly I do have bad credit score and outstanding.

So any kind soul can assist my issue would be appreciated much.
I really want to move in soon my new home. It been bare since last year August.

Thanks in advance everyone.
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Old 28-01-2020, 09:58 PM   #2
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Erm

What advice u need? Hahaha
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Old 29-01-2020, 12:35 AM   #3
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When I moved into new house, I bought my appliances with interests free CC installments plan and paid renovation bills with cash and CC balance transfers.
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Old 29-01-2020, 12:38 AM   #4
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Bare since last August. Are you staying in the house?

If no, why not make bare minimal renovation first and rent out for 2-3 years.

Save the cash and make better renovation in future.
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Old 29-01-2020, 08:36 AM   #5
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Bare since last August. Are you staying in the house?

If no, why not make bare minimal renovation first and rent out for 2-3 years.

Save the cash and make better renovation in future.
Currently staying with my in-law.
How to rent out if there nothing in the house? No kitchen nor toilet.
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Old 29-01-2020, 08:38 AM   #6
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Erm

What advice u need? Hahaha
Like any other solution I could go through? Since Bank is not working for me.
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Old 29-01-2020, 08:39 AM   #7
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Why no savings?
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Old 29-01-2020, 09:16 AM   #8
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ts never receive any spam msg regarding loans?
never try those?
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Old 29-01-2020, 10:42 AM   #9
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Why no savings?
Have. But not sufficient. Im committed to pay monthly though.
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Old 29-01-2020, 10:43 AM   #10
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ts never receive any spam msg regarding loans?
never try those?
Very skeptical to try. Dont wanna get into bad company. Lol
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Old 29-01-2020, 01:39 PM   #11
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Very skeptical to try. Dont wanna get into bad company. Lol
Those are loansharks. Better dont try.
Maybe u can do bit by bit..save up for kitchen first, then save up for living room etc.
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Old 29-01-2020, 04:35 PM   #12
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I was considering if there any renovation company accept in-house instalment.
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Old 29-01-2020, 05:57 PM   #13
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you really should work towards clearing your outstanding debts and improving your credit score. you are heading down the wrong path if you think you think you are able to take on more debt when you already have existing rolling debt.
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Old 29-01-2020, 07:14 PM   #14
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IMO, don't take reno loan if you are in such a poor financial position. Save up first and then get that home.
It is going to be a tough year for the economy, so don't get into debt that you can't clear...
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Old 29-01-2020, 07:54 PM   #15
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Currently staying with my in-law.
How to rent out if there nothing in the house? No kitchen nor toilet.
Already told you to do basic.
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