Advice needed regarding job move

d11wtq

I'm really worried now.

Here's my situation. I've accepted a job in London. I move on 1st November.

My wage from my current employer is paid on 15th of the month. I'm moving into a house (average-to-low price) at £400/pm and need to pay £800 upfront (deposit+rent).

The deposit I get back from my current house is only £160 so that's not going to help much. I'm trying to sell my car but I'm only getting £200 for it because it's in a bad state and nobody actually wants to buy it yet. I'm basically running out of time and options for help here.

Anyway; most of my money goes out to debts I'm clearing and because I agreed reasonably high amounts to clear some of them the creditors are being extremely unhelpful on reducing that amount even for just one month -- they make it sound as though they're the ones doing me a favour. I started getting upset on the phone because I can hardly tell my new employer I have bad debts.

Here's the run-down (wage == £1300)

* Egg £50
* Wescot £100
* Car Loan £200
* Halifax £50
* Dell Laptop £30
* Phone/Internet £30
* My share of Council Tax £33
* Money borrowed from a friend £200 (this is stupid)
* Managed Loan £35
* Food ~£60
* Transport £28

Total Outgoing (right after payday): £788
Deposit back from current property (I'll only get this right at the end of the month) = £160

So actual outgoing = £628

TV License is now paid so that's £26 I don't have to pay this month.

Before I even include bits and pieces that get bought where do I find £800? from

My current employer are refusing to give me my last month's pay in advance and they're also saying I have to use my holidays and can't claim the money from them (this is the Council of all companies too!).

I asked my bank if they could give me a buffer on my account to allow me to go overdrawn for that initial month but yet again my managed loan got in the way. I called my creditors who said they can't reduce my payments even for a month.

I've already pushed and pushed to get my new salary raised from £27K to £30K so I don't feel like I can go back to my new employer and ask for money upfront. I can't exactly tell them I'm paying so much out to debts.

I'm really worried that this is going to affect my new job and make me look bad because it's just so obvious I'm going to run out of money. Once I've settled in I'll actually be taking more money in but I can't actually move down there as it is and my current employer has already found my replacement.

I'm kicking myself in the teeth too because the £200 i owe to a friend is stupid. My car got towed away because I declared SORN and parked it at my friend's flat untouched for 3 months (not driving it) but somebody reported it as abandoned and I had to pay £211 to get it back out of the impound.

I also need to buy an Oyster Card (£120) to get to work and back in London for the first month.

It feels like nobody is actually willing to give me any leeway despite the obvious fact that after I move I'll be earning more money to pay off these debts.

Does anybody have any ideas? It's even (stupidly) crossed my mind to draw all my money out on payday and let my payments bounce. Don-t worry -- I won't do that :rolleyes:

lynzpower

Wont your new employer give you a relocation package?

Rgc_3

is it possible that you could foresake the flat/house your moving into and take on a room/bedsit for a couple of months until you have deposit and first months rent on a new flat(plus the possibility of flatshsaring with a new work collegue??

just a different angle that may be of use or not

d11wtq

lynzpower wrote:

Wont your new employer give you a relocation package?

This was something I asked about with them originally but instead they increased my salary. I'm gonna have to email them back (just 3 weeks before I start)... it's gonna look bad

If it was a more senior role I'm sure they wouldn't quibble over it but sadly it's just a junior role and I've already pushed them to the point the agency who referred me had to tell me not to ask for any more because I'd put them off.

d11wtq

Rgc wrote:

is it possible that you could foresake the flat/house your moving into and take on a room/bedsit for a couple of months until you have deposit and first months rent on a new flat(plus the possibility of flatshsaring with a new work collegue??

just a different angle that may be of use or not

Everywhere I find seems to be 6 month min contract. I'm only looking at houseshares at the moment too. London is just a lot more expensive than Salford!

I was expecting to pay the £400 deposit this Friday (friday the 13th!) when I get paid. Seems like a no-goer right now.

bobbadog

Hi there

If you're desperate, would it be worth checking out gumtree.com for some cheap accommodation? full of private rents / room shares etc - low deposits needed. Ask your new employer for a Season Ticket loan... x

Rgc_3

d11wtq wrote:

Everywhere I find seems to be 6 month min contract. I'm only looking at houseshares at the moment too. London is just a lot more expensive than Salford!

I was expecting to pay the £400 deposit this Friday (friday the 13th!) when I get paid. Seems like a no-goer right now.

I lived in Oxford for three years so yes i know how expensive the south is...it was just to try to see if there was other options.

Only other short term answer i have is do you have anything you could sell to raise cash(even something you would prefer to keep but which can be replaced when your on your feet in London????....hi fi ? pc ? etc.
(thats the big issue short term ...how quickly you need the cash!!!!!)

d11wtq

Rgc wrote:

I lived in Oxford for three years so yes i know how expensive the south is...it was just to try to see if there was other options.

Only other short term answer i have is do you have anything you could sell to raise cash(even something you would prefer to keep but which can be replaced when your on your feet in London????....hi fi ? pc ? etc.
(thats the big issue short term ...how quickly you need the cash!!!!!)

My Hi-Fi would probably struggle to fetch £20 :P I can't sell my PC sadly since it's related to the work I'm taking (I'm a programmer). But the PC (it's a laptop) would probably have fetched about £300 or so.

Season ticket loans -- I just heard about these a few moments ago from someone else. It depends if my employer does it but that sounds promising since you can get the full year's travel on it.

I had a bit of a braindump earlier with my housemate who I'm more than close to and I've kinda come to the conclusion that if it's so much of a problem (and to be honest, I didn't really feel comfortable moving away from Manchester anyway -- I've only been here a year and I love it) then why am I even worrying about it? I can look for another job up here; my notice is in for 1st Nov and they have my replacement lined up so my job is gone but I get a pay packet on 15th Nov and one again on 15th Dec so I should have time to find something I imagine. I need to sleep on this though... it's a big decision to not take a job which offers more money and better prospects. One thing I've been thinking though is that being around my friends and some people who are really close to me up here actually means more to me than this job. It seems like such a dangerous decision to take the risk of not moving at the same time though.

I'm on £22K now, and the London job was £30K. I imagine that if I kept living up here and found a job of £25K i'd actually be better off than in London. Lots of thinking to do :rolleyes:

Rgc_3

Then plan B looks pretty good also:beer:

find a job in manchester
clear debts
save a bit
go to london when you feel more financially stable:j

cheers and good luck whatever you decide

headchef

Hi there OP

Which of your loans have you negotiated with for a lower payment (out of the list)? Have you any defaults at the moment (i'm guessing prob not)? Let us have a fuller picture in terms of who you have negotiated with etc - this really does help us to help you so we can see where you are at in terms of you debt managment and we can advise accordingly.
When do you have to pay the deposit on the new place to secure it (sorry if I missed this in your post)?
I'm sure you don't need reminding that you are stuck between a rock and a hard place at the moment but you can be very honest and open here.

headchef

You have options but it depends on whether you have already defaulted (you will know this if you have had a letter from a creditor telling you so).
Your problem seems to be cashflow and to me the first obvious solution was to do the standard and acceptable thing of saying to all creditors (by letter) that you can only offer a token payment of £1 a month BUT if you havn't had a default notice and your credit record is in tact, AND you need a clean credit record for future renting possibilities then maybe this is not the best option for you at present.
So let us know a bit more (not just cos we're nosey you understand)