Loan for single mother on benefits

inmypocketnottheirs

I am looking for a loan. I am borrowing to save up.

hur575

Swampmonster wrote: »

Just found this thread and I am shocked how rude everyone is being to each other!

It never used to be like this!

It is not been rude but if someone can afford a loan then why are we paying for them?? I did not know you get £700 as single mother with two children?? :eek:Any body care to lend me two children??

euronorris

Tell your friend to complete a statement of affairs (http://www.makesenseofcards.com/soacalc.html) and post it on the Debt Free Wannabee (DFW) forum here.

She will then receive lots of help and suggestions on how to decrease her outgoings so that she can afford to repay her debts more quickly. Everyone else is right, obtaining more credit right now would be an absolute disaster and to advise her otherwise would be nothing short of irresponsible.

From the limited information already provided, it appears that she could resolve her current situation with some cutbacks here and there. And trust me, that would be much better for everyone, especially her, if she does that.

Wutang_2

Swampmonster wrote: »

Just found this thread and I am shocked how rude everyone is being to each other!

It never used to be like this!

What? The 60s?

carlbcfc

Just to update this. I was asked to post a question, so I posted it. Amongst all the lectures, were some good info and advice. Her mother was not pressuring her, it was her to felt she wanted to pay it all back due to her mothers circumstances, and bundled the rest of it in. She was in a flap basically, but I had a look at her finances, and she can easily pay back £80pm, and more when available, which her mother is fine with.

The catalogues are getting lower every month. They were mostly for white goods when she moved out, which she will not need again for a while, so no expensive items to buy in the near future.


This forum does seem to have developed an attitude, with certain people contributing nothing but their opinion that is no help to the topic. Next time I face a problem myself, I will maybe consider other avenues of help. Again though, thank you for those contributed in a good manor.

Bob_Jones_2

carlbcfc wrote: »

Just to update this. I was asked to post a question, so I posted it. Amongst all the lectures, were some good info and advice. Her mother was not pressuring her, it was her to felt she wanted to pay it all back due to her mothers circumstances, and bundled the rest of it in. She was in a flap basically, but I had a look at her finances, and she can easily pay back £80pm, and more when available, which her mother is fine with.

The catalogues are getting lower every month. They were mostly for white goods when she moved out, which she will not need again for a while, so no expensive items to buy in the near future.


This forum does seem to have developed an attitude, with certain people contributing nothing but their opinion that is no help to the topic. Next time I face a problem myself, I will maybe consider other avenues of help. Again though, thank you for those contributed in a good manor.

Because they didnt tell you what you wanted to hear?

Only options for your friend are:
- credit union - but she would have to save the £80 first.
- doorstep lender and the associated high costs

Lenders dont tend to lend to people on benefits as, amazingly, they have poor affordability and they have a nasty habit of not paying things back.

hermum

OP if your friend has internet access, it may be a good idea to point her in the direction of the forum. There's lots of advice to help people reduce their spending costs. She may find that if she spends some time on here she'll pick up lots of good tips especially on food budgeting & menu planning. With two young children this could be very worthwhile for her.
Discourage her completely from ever taking out a loan with doorstep lenders, it's akin to selling your soul to the devil to keep your kids shod.

mrcow

carlbcfc wrote: »

This forum does seem to have developed an attitude, with certain people contributing nothing but their opinion that is no help to the topic. Next time I face a problem myself, I will maybe consider other avenues of help. Again though, thank you for those contributed in a good manor.

Actually most of the posts on this thread have been quite valid and for good reason.

As a regular user of this forum, you should know that your friend is in no position whatsoever to get herself any decent lending (and there are very good reasons for that).

To go round as you did looking for random loan companies on the internet for her to borrow with is financial folly. I'm glad that the posts on here have perhaps put a stop to that before you really got her up the creek without a paddle.

I would suggest in future that you DO come here if you need advice, as it would seem that you perhaps got the sobering up that was needed. There is no need to start throwing toys out of the pram though threatening to report all and sundry "in the hope they will be banned" from the site - just because you don't like the responses, it doesn't make them wrong.

If you really want to help your friend - help her to address her (over)spending habits.

babymoo

Ive said it before and I'll more than likely say it again -

Attitudes on this website are brilliant and I have made some very close friendships from joining MSE. The only reason anyone thinks that the attitudes are wrong or people are out to get them is that they don't get the answer they were hoping for.

The people who give you answers are trying to help you to make you see that either you are wrong, being silly/stupid etc, if you don't want advice and just want someone to pat you on the head then you are most definately in the wrong place.

carlbcfc

duchy wrote: »

...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.

Some quotes just p!ssed me off, like this one.