|
People take out career change loans to finance a transitional stage in their career. For example, that could mean going back to University to retrain or perhaps starting out as self-employed.
In transitional career stages such as these, you could well experience a big drop in regular earnings and may require a loan to fund your career transition. Because for a period you probably won't have regular money coming in, you may want to negotiate a delayed starting date to the repayments, from a few months up to a year. This will give you the breathing space you need to get your new career on track.
Go to your interned lender with a detailed cash flow forecast which shows your anticipated monthly expenses and your income. As a first step we suggest that you arrange a meeting with your bank manager - and be ready to answer lots of questions!
Loans articles
More Loans FAQ's
|
