£1350 loan

Conorrr

Basically I am a first year student and I need to borrow £1350 to pay my first accommodation payment. I only need the money for less than 2 months. I am a complete novice at this I have had a look around the website but i'm still pretty clueless. Any advice with this would be much appreciated.

Many Thanks

Conor

jonjamie1970

No student loans or family can help on this ?
Borrowing £1350 from a commercial source before you even get to uni isnt a great idea to be honest !!

At least you may get interest free from student loans or family.

Wutang_2

Conorrr wrote: »

Basically I am a first year student and I need to borrow £1350 to pay my first accommodation payment. I only need the money for less than 2 months. I am a complete novice at this I have had a look around the website but i'm still pretty clueless. Any advice with this would be much appreciated.

Many Thanks

Conor

I assume its not a course in financial planning?

mrcow

You're not going to get a decent loan for that amount or for that short period of time.

Your only options are:

1. to ask bank of Mum and Dad to lend you the money for 8 weeks (preferred option)

2. There is no 2. You've left it too late to apply for a credit card to finance a balance transfer - these take up to six weeks.

Ask someone to lend it to you - draw up an agreement if it makes them feel better - and pay it back to them ASAP.

smartpicture

Is this because of the delays by the student loans company in issuing your money? If so, there may be a number 2 option. If you present the evidence to the University finance department, they may be willing to delay the accommodation fees payment until you receive your money. My daughter's money was delayed last year, and they just asked us to sign a direct debit starting in two months time that they would only implement if it wasn't paid in full when the student loan money finally arrived.

If, however, you've already received your student loan, I would have to ask how what you've spent it on and how you plan to pay the money back - and I doubt the Uni would be as understanding.

fleagle21

Is it university-linked accomodation or are you privately renting? It would be worth speaking to your uni anyway, because in certain circumstances they will give short term loans if your lack of finance is going to prevent you from doing your degree (which it may do if you have no accommodation!)

Conorrr

It's private accomodation and it's largely because i'm bad at managing my money & having to pay for a new computer ect. Thanks for the advice

I might have a word with the uni finance help centre

Apples2

Conorrr wrote: »

& having to pay for a new computer ect.

Was it a MAC ?

Conorrr

Apples2 wrote: »

Was it a MAC ?

no

I was looking at This.

Does this look like a viable option?

I would also like to point out that I have a job over summer and basically no out goings.

Jon_B_2

What's wrong with university computers?

Conorrr

Jon_B wrote: »

What's wrong with university computers?

i do computer science, it's very computer intensive. I need a decent one which can run my own software on ect.