Your chances of securing a loan will depend on a number of factors which will vary from lender to lender. One of the things some lenders look at is whether your income is stable, as this will impact on your ability to make repayments.
If you are self-employed, your income can fluctuate, which can make securing a loan a little trickier. However, that doesn’t mean you can’t get one – there are still lots of companies that will lend to self-employed people and business owners.
Here are some of the things you need to consider if you want to get a loan when you’re self-employed.
Morses Club PLC (LON:MCL) is an established, relationship-driven consumer finance provider offering a range of credit products and delivering exceptional services to customers in the non-standard finance market.