I had to take out a sizable personal loan to buy a house as one of the debts. Most homeowners will need to take out a home loan or a mortgage to acquire a home due to how expensive they are, making this one of the most popular loans that lenders offer. 

But I did not want to talk explicitly about the home loan. What I wanted to discuss was the payday loans I had to obtain during the home loan to make sure I had enough money each month to keep making the payments on the mortgage. I was doing a lot of freelancing at the time due to the job I had. Also, you do not receive a fixed salary each month when you freelance. 

I had to take out pay day loans from one of the larger loan businesses in the United Kingdom during the months when I had less work or when I knew that I would be billing for less than what I needed to subsist. They were affiliated with the same business that I utilised to obtain my home loan, and I did so for a purpose. 

As I already had a loan with them, they were aware that if I did not make enough money each month, I would either stop making payments on my mortgage or the bank would seize the house, in which case the lender would lose both the asset and the loan repayment. They would have lost a lot of money if they had not allowed me to take a loan out with them to survive. 

They could not reject me for lack of affordability because I had already been approved for a loan with them, which was extremely helpful. I even bought a toddler rocking chair for my child which he adores!