Need to borrow £1000- no help from banks

bobby_23

Hi guys,

Just want to first of all say hello, and how much I admire the community spirit that is present on this forum- it really is something else.

Anyway i'm 22 years old and have recently moved from my home in Scotland down to London to start a new job. My monies have taken a kicking since moving down- first of all through the extortionate rental prices and also due to excess nights out etc.

I earn £32,000 p/a and i am looking to borrow £1000, I currently have a credit card with £1500 budget that is around £1200 in use and also stupidly took a Wonga loan out so I am also due them £500 too at the end of the month. My credit rating is green according to equifax but I have had a two or three late payments in 2009/early 2010

I've asked my bank for the money but they aren't willing to help as i'm still in my graduate overdraft limit, and i've failed applications for another two loans from tesco and sainsburys so my credit has took a real kicking in the last few days or so. Therefore i've got to sort something out soon as I can't really apply to them again. I am looking to pay this off in the next 3-10 months.

Can anyone help?

chalkie99

Ask your employers if they have a loan scheme that is deductible from your wages.:question:

bobby_23

chalkie99 wrote: »

Ask your employers if they have a loan scheme that is deductible from your wages.:question:

Never thought of that, never heard of them doing that so i'll have a look.

Anymore suggestions from anyone else is much appreciated!

BugsyBrowne

bobby_23 wrote: »

Never thought of that, never heard of them doing that so i'll have a look.

Anymore suggestions from anyone else is much appreciated!

Anymore suggestions you say you have a Wonga loan,the banks won't help you,you have a nearly Maxed out credit card,and you earn 32k a year.

Need I say no more.

CLAPTON

potential sources of credit are
-parents
-overdraft (presumably they won't extend the OD)
-bank loan (you've been refused
-credit cards
-credit unions (but you usually have to save there for a few months before being accepted for a loan)

so that leaves parents or maybe a new CC.

you don't say why you want the 1,000 but the other options are to increase income (maybe an evening job) cut spending drastically and budget
-maybe try
http://www.makesenseofcards.com/soacalc.html
and post up the results

geoffky

stop and think of the road you are on...get off it before you end up in the deep...good luck.

ankspon

New job,excessive nights out,disaster