Loan for single mother on benefits

carlbcfc

indierocker85 wrote: »

And what would she do if say, the budget on June 22nd decided they were paying the bare minimum to people on I.S?? How would she meet the payments if the unexpected happened? I think it's a foolish idea, and I think your "friend" should perhaps be a bit more specific about their problems, and see if there are other ways of dealing with them.

"friend" ?? Are you being sarcastic? My god there are some right !!!!s on this forum these days. If you do not want to help, then go away.


As I said, she has a spotless credit rating, and has never missed a payment, but feels she will. Regarding the budget, must also consider that too.


KEEP TO TOPIC! It is in the forum rules I am sure.

duchy

She might get a loan through Provident but the interest rates are astronomical so she really needs to think it through really carefully.
Could you not be a real friend instead and babysit for her 16 hours a week so she could find a job and get tax credits as if she has "perfect credit" with a job a loan at normal interest rates would be easier to come by.

carlbcfc

duchy wrote: »

She might get a loan through Provident but the interest rates are astronomical so she really needs to think it through really carefully.
Could you not be a real friend instead and babysit for her 16 hours a week so she could find a job and get tax credits as if she has "perfect credit" with a job a loan at normal interest rates would be easier to come by.

Can I not be a real friend? My god what is it with you people. !!!!!! pull you heads out of your !!!!!!. I have my own job to deal with.

Wutang_2

carlbcfc wrote: »

I have my own job to deal with.

Go and do it then and stop asking stupid questions

dmg24

carlbcfc wrote: »

She has 2 small children, and her income is £700 pm.

Read the OP before you give advice!

I have, however you can no longer claim IS for young children. You claim CTC for children. You stated that she would pay for her loan from her IS.

Check your facts before being rude to people!

carlbcfc

Wutang wrote: »

Go and do it then and stop asking stupid questions

Another addition to the "head up my !!!! club" well done!

Oldernotwiser

As your friend has already run up debts, I can't see how she would have any spare money to repay a loan. By the way, her income will actually be much higher than £700 as I imagine that she has her rent and council tax paid as well.

Peelerfart

carlbcfc wrote: »

I have my own job to deal with.

Are you an IFA ?

Wutang_2

carlbcfc wrote: »

Another addition to the "head up my !!!! club" well done!

Why would I put my head up your --insert word--??

Thats disgusting.

Is there a stupid questions with strange perversions forum you could possibly seek out?

mrcow

carlbcfc wrote: »

A google search for unemployment loans came up with The Loan Centre https://secure.loan-centre.net/apply2.aspx

And these terms
Requested Loan Amount £3,000
Monthly Loan Repayments £116.76 (estimated)
One-off Membership Fee £67.50
Loan Term 36 months (estimated)

All estimated. But what is this one-off membership fee? Are they a broker?

Answer: It's a £67.50 charge that they will take off her, just before she never hears from them again (apart from to decline her or give her the worst loan deal in history).

Avoid like the plague. And don't search for random loans on the internet - you'll end up with a loan shark.