Can I apply for a loan if I am on dss benefits?
Question: Can I apply for a loan if I am on dss benefits?
YES, you CAN still apply for a loan if you are on dss benefits or have received state benefit in the past. Your individual circumstances
will help determine whether or not you are eligible for a loan.
There are many factors that are used to determine whether someone can get a loan, whether on dss benefits or not.
Some factors that may be
assessed for dss benefits loans are:
Current credit rating
Credit history
Bank savings
Employment status of partner
Even though you may be dss benefits, if your live-in partner is employed full time this will help you. At the end of the day the
finance company lending you money needs to know you can afford to repay the money so that they do not lose money and that you do not find
yourself in financial difficulties with bad debts and a bad credit rating and history.
Loans for dss benefits people are possible, however each case must be assessed individually.
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