Does this exsist?

trudie511

Is there any way you can borrow £500/£600 which you dont have to start paying back for a few months or pay back in small amounts each month? for someone with a bad credit rating?

jonesMUFCforever

trudie511 wrote: »

Is there any way you can borrow £500/£600 which you dont have to start paying back for a few months or pay back in small amounts each month? for someone with a bad credit rating?

Many lenders will offer buy now pay later loans (the interest will accrue though) but as with most things banks/lenders will want to offer these to their best customers not ones who have had problems paying back debt.

plymouthargylebird

Try your local credit union

fozmcfc

Only people I can think of is a door stop lender like Provident.

You pay them back weekly, but unlike others they do have some patience and will allow the odd week where you can't afford to pay it or postpone payment for a few days and they don't put on extra charges etc. I would say though that certainly at the beginnning you should make every effort to pay them back.

Just like any bad credit lender though they charge a lot of interest over the whole time of the loan and therefore I would really advise though you look at all avenues (i.e cutting back, selling items etc) before lending money from anyone.

Maybe try the debt free wanabee board or the low spend boards and see if people can come up with any ideas of cutting costs and upping income.

sharpy2010

Hmm I've heard that DFS do sofas with nothing to pay for a year, if its a sofa that you are considering. Other than that, I don't know.

MFWannabe

Hi
this is really not a good idea; considering on one of your other posts you say you already have debt with a payday loan compnay and a £300 debt with Great Universal which you say you've already missed a few payments on due to low income.
Okay you said your income will increase in a few months time but you need to start living within your means now.