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When you complete your loan application you will be asked for details of your regular income.
This will normally be your salary. However other forms of income can count towards your stated income. For example, regular commission, permanent overtime, incapacity benefit, severe disablement allowance, industrial injuries, disablement benefit, war pension, widows pension, working family tax credit and attendance allowance and rental income.
However, some benefits are not normally accepted as income. For example, maintenance payments, council tax benefits, guardians allowance, foster carer allowance and income support.
As long as you earn sufficient income to comfortably meet the loans' repayment schedule and have a good credit history, your loan application should be accepted. However if you have a poor credit history, you may still be able to get a loan. It will depend upon the severity of you credit problems and the lenders lending policy. Your best bet is to apply to a lender who specialises in what is called "sub-prime" lending. Your loan broker will handle this for you.
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