some specific advice please

anniestar

need urgent and directed advice please. Husband working as a supply teacher although at mo work is very patchy. We will have money in Aug from exam marking but need to get a loan to tide us over till then.We had been clearing our debts quite successfuly and dont want to slip back into problems. Hubby went to bank like you are supposed to do when you know there is going to be a problem. Well they were very helpful, offered him a cup of coffee, offered to increase the overdraft by£50 and told him to try to ensure that there was enough money in the account to cover the direct debits as incurring charges would not help our situation. They also said that when DH was back in full time education( he is very confident that he will be in a full time permanant teaching job in Sep) to come back to them when they would be glad to help(we wont need it then) We dont want to do anything rash or stupid but do have to do something otherwise the situation will slide back to how they were. We have a outstanding mortgage of £19,943 in its current(bad) state it is worth £115,000 modernised, will be worth £145,000 next door but one has just sold for that with a much smaller garden.We dontt really want to re mortgage from anyone just now as with DH job situation would only get the sort of company that I feel are best avoided. So, has anybody any ideas where we could approach to borrow about £3,000 without getting involved with mega expensive od dodgy companies? Again many thanks its good to know that your all out there.

lynzpower

Honestly? My opinion is a 0% credit card.

CLAPTON

with the every limited information you have supplied (no details of income or spending, or whether you work or have children etc), i would think the best way forward is for husband to get a fulltime if temporary job and not to try to borrow money atall. alternatively or additional can you get a temp job or increase your income.
i dont think you should rely of hubby having a teaching job in september until it is sign and sealed...better a job now with full time income than a loan and hoping for a job.

ismangil

Why not try Zopa, they can lend money for very short periods with lower rates.

Note I have no affiliation with them, other than being a user and got a quote (preparing for when 0% cards runs out!)

mountainofdebt

that you would have the ability to repay the loan, what about a flexible loan from say Cahoot or Egg - that way when things are a bit brighter, you can make overpayments and you only pay interest on what you owe.

Clapton, I'm not sure if you know but there are health issues for Annie's OH as posted in her other thread.

lynzpower

If you have no willpower avoid the cahoot flexi loan like the plague. In year 2 its something mental like 8.5%. weve just got a 0% bcard for OH to try and get him out of the trap of the "flexi"

mountainofdebt

lynzpower wrote:

If you have no willpower avoid the cahoot flexi loan like the plague.

the ability to continually 'dip' in is tempting.....although one way around this would be to periodically reduce your 'loan' limit.

The only problem I can see with a cc is how you get hold of the cash .....

lynzpower

good point on the card thing there mountain, hadnt thought of that

miaxmia

I would take out a 0% card and use that for your purchases of food etc. from now (assuming you have some sort of income to get accepted for a card). Alternatively, can you get a holiday break from your mortgage - I know some mortgage companies offer that - it might be worth asking.

anniestar

CLAPTON wrote:

with the every limited information you have supplied (no details of income or spending, or whether you work or have children etc), i would think the best way forward is for husband to get a fulltime if temporary job and not to try to borrow money atall. alternatively or additional can you get a temp job or increase your income.
i dont think you should rely of hubby having a teaching job in september until it is sign and sealed...better a job now with full time income than a loan and hoping for a job.

Thanks for taking the time to respond. Just want to clarify our situation a bit. Husband will be working as a KS3 marker shortly, (I am marking have ), and also working as a GCSE examiner as he has done for many years. We have cleared many thousands of pounds of debt and, although we are not fully clear of our problems are trying to get there. This is a very tempoary bump on the road to being debt free. I have two jobs although one of them is not a great money spinner.For various reasons that I cannot go into at this time My husband IS working although it clearly could be better please dont think that we are sitting arround twiddling our thumbs and burying our heads in the sand (have been there and done that) It is simply to ensure that problems do not re-occour whilst we are waiting for our exam payments.