Loans catch 22
Hi,
I apologise in advance for bringing up the age old subject of loans. I was wondering if anyone else has been in the same situation as me, and if so, how they got around the loans issue.
I'm looking to borrow £23,000 to pay for my CPL, ME and IR. I'm only doing some part-time work at the moment, because I've been studying to finish off my ATPLs (last set of exams coming up next week!).
The problem I've got is that it doesn't seem that anyone will loan me the money without having a good income. From my side, I want to stay in training full time (which will hopefully only take another 5 months), because the flying jobs market seems to be better than it has been for a while. It seems to be a good idea to keep pushing ahead with the training because of this.
If I went back to my old job I'm fairly certain I could get the loan quite quickly, but I'd lose the momentum I'd built up with my training.
Anybody else had this problem and managed to find a solution ?
thanks
Mungo