my money situation

spacka

first of all, i hope this is in the right section.

here's a few details about me:
- i'm 22
- i'm an ex-uni student (alhough i failed my final year instead of getting my degree)
- i do work part time (like 7hours a week)

here's my money situation:

first off i obviously have all my four years worth of student finance to pay off (which i'm not too worried about at the minute)

secondly, i'm still on the "student" bank account with lloyds tsb with a (maxed out) overdraft of £1500. not sure how long i have left until they start questioning whether im still a student.

i also have a student credit card (maxed out) of £500

since the end of uni i have gradually been sliding into a slope of debt, lending more and more money from the parents and siblings, which is now catching up with me to the point where - unless i can get a job fast - i'm royally f***ed.

i'd massively appreciate any kind of help on how i can maybe just get back into my overdraft and stay in a semi-healthy position until i can get a job and begin properly working on clearing my overdraft etc.

cheers
kane

P.S - to top it off, i applied for jobseekers as i was eligible but completely forgot to sign on yesterday =/

zyxd58

You can find work easily if you want to, there are lots out there you don't have to jump straight into your career(many places require experience) even working at mcdonalds or in an ncp or as a security guard you can gain experience

Don't worry work will come soon, you just have to want a job

Im 25, got a degree in IT but now realise i want to work in forestry, earning 5 to 600 per month
paying off a 800 credit card and 277(will be finished next week, payday) of a 1500 loan. 309 in rent every month, inc bills. its hard but i live, applied for 4 jobs last month and got 4 interviews. Security guard, labourer, administrator and secretary - the only reason they wouldnt take me on was because i had a pre booked holiday , beein working without unemployment since 14, never claimed any handouts from govt or family, too proud or stupid i cant decide

KingElvis

You need an income.

Get a job and start paying back.

Sounds like you need to take a long hard look at yourself, forgetting to sign on?

I wish you luck.

Pollycat

Kane

Without knowing more about your financial situation, it's hard for anyone to give you any help.

Complete a Statement of Affairs (SOA) using this template:
http://www.makesenseofcards.com/soacalc.html

Don't miss anything out, including percentage rates of any debt.

'Forgetting' to sign on is very bad. Make sure you don't do it again.
If I were your Mum or one of your siblings who'd loaned you money, I'd be furious with your lack-a-daisical attitude.

How hard have you tried to find a job for more than 7 hours a week?
Any chance of increasing your hours at this job?

As you've not got any qualifications from your time at Uni, what are your long term career plans?

redpete

zyxd58 wrote: »

Don't worry work will come soon, you just have to want a job

Do worry - you won't get a job if forgetting to sign on is typical of your behaviour.

There's no magic painfree way of paying off debt if you aren't earning. There is work out there that you could do whilst looking for a longer-term job, shelf stacking, bar work, contract cleaning, factory work... You might also have to lower your expectation of what you could get longer-term with no experience and no result from 3 years' studying.

Spend your time as if getting a full-time job is your full-time job.