Stuck Graduate....

flyin2thesun

Hello

I have just graduated from Uni, and of course i'm in a bit of debt. My student account's overdraft is maxxed (lloyds tsb, about £1500) and there is no visable activity in it because I use a bank account with Nationwide for day-to-day stuff. That Nationwide account is also about £400 overdrawn. Of course I'm working however I can to pay these off, but in the mean time, here's my problem...

I am applying for graduate positions every day and I now have a few interviews. What if I am offered a job I really want, in another city? I would need to borrow around £2000 to cover getting a new flat and my first months living expenses. Apparently Lloyds do Graduate Loans, but there's no guarantees they'd give me one, especially since they already refused a £500 extension to my student overdraft. If I were to bring a copy of my job offer, and a detailed, realistic budget to the meeting do you think this would improve my chances?

If I am refused a loan, what are my other options? Credit cards? I really know absolutely nothing about money borrowing, I feel lost!

Any advice would really be appreciated Thanks for reading!

standupguy

Bank of Mum and Dad?

greyster

0% credit cards or ask your employer for some form of relocation package?

barclaysguy

My advice, dont worry about it.

Get a job, then make it work. As long as your credit rating is ok you will be able to find 2k from somewhere.

mrposhman

Your employer would be your best bet, you may be able to get a relocation package from them as stated above.

Also, why not try for a graduate loan from your bank?