£500 loan

sharney_t

hi i want around a £500 loan maybe a little more but... i am on jobseekers allowance as just been layed off, i am looking to pay back with in 6 month. does any 1 know where the best place to be looking is for me

i have heard of a place called 5 lamps and they charged 20 for a 300 loan paying £12 per fortnight, total payed bk worked out at £320 which is amazing but they recently droped there loans to £200

i need about £500-ish plz help

thanks

sharney

Peelerfart

Do you mean these guys?

http://www.fivelamps.org.uk/

BackOnTrack

I doubt you are going to find one. If you need 500 quid and are looking to pay it back within 6 months then you are unlikely to be able to afford the £90+ the repayments are likely to be.

charlie792

the link someone listed above seems to suggest they do loans up to £600?

But I agree with the above poster - £500 at 6 months would cost you £90 a month

opinions4u

You don't say what you want the money for but ...

... you don't have a job ... don't borrow money because you will almost certainly struggle to repay it.

Common_Sense_2

sorry - i'm confused, you don't have a job, are getting Job seekers Allowance (about £65 per week if memory servces me right), and yet you want to borrow £500.

How are you going to pay it back?

please think before you start digging yourself into a great big hole of never ending debt...

Kefte

If it's for something necessary, ie you could talk to your job-centre. They do crisis loans, I know they are not £500, also have wheels to work help if it's transport. If it is not for something necessary I would avoid until you are back at work...I know how little job-seekers really is and how much a £500 loan would end up costing you per month, it just wouldn't work-out.

drew2k9

people who are on benefits cant afford a loan in my opinio0n, unless you got a redundency payout, but then why would you need the loan?

you arent in a position to get one and to manage it at the moment, lenders will throw you back out on to the street so its best to not think you can get any type of loan anywhere.

maybe a credit card though?? but still you need money to be able to borrow more money...