I need £7,000 for two months

Daydream1608

Hi all,

My boyfriend (of four years) is American and we've been doing the long-distance thing since we met.

He's applying for university in the UK, and to get a student visa he needs £7,000 in his bank account for 28 days (to prove he has enough money to live in the UK).

He'll be living with me while he's in the UK, so doesn't need that much money. But it's still the rules.

So, we need a loan. He's not working at the moment and can't get a loan, but I am.

I earn £24,000 a year and want to borrow £7,000 for two months. I will transfer the money to him, and it will literally sit in his bank account so that he can print his bank statement and prove he has the money, then he will return it to me, and I will pay it back.

Can anyone advise the best type of loan for this? I want it to cost me as little as possible in fees and interest.

Thanks a lot!

D

Apples2

Can I be first to sceptically suggest this is lunacy?

What are you going to do when he legs it either back home or off with Mary Jane rotten crotch from Asda?

Will you happily repay this loan for the next ?? Years?

whatyadoinsucka

can he afford to support his way through university if he has no money or job,
family may be best to borrow from, but i guess they have seen this as shear lunacy

assuming this is a real relationship and you have spent weeks togeather and met up every few months
can you not suggest his parents support him financially, if it is clearly a loan to get him into the country then its a win-win situation for his parents..

twistedhazel

I know this seems like a good idea now, but you really do need to think how you'll feel paying this off if this relationship doesn't work out. You may both genuinely be in love at the moment but living together 24/7 is a different proposition and your relationship may run it's natural course and end. You'd then have to pay off a £7000 loan that he may not return.

I would suggest that you read the thread at the top about lending money to friends and family before you take this any further. I'd also ask yourself why it's you that needs to get this loan for him, what about his friends and family?

I'm sorry but you also have to look at whether this is just a scam to get £7000 out of you? The internet is littered with those casualty's too.

I wish you all the best but I really would advise you against this, pleased don't do anything too hasty. Also have you spoken to your family or friends about this, they will probably have a more rounded view of the whole situation.

I know that you came on to ask advise on a loan, but you will find that the majority of posters here will probably be too concerned about the outcome of this situation to offer the advice you are looking for.

Emmzi

plus he doesn't have 7k, you would. So it is fraud, too.

A fiance/ spousal visa would be a lot easier. I wouldn't lend anyone 7k unless they were serious enough to marry me!

Ozcat

All repayment considerations etc. aside, if the student visa process is anything like any other longer term UK visa (I have recently received a spouse visa), the UKBA will look upon sudden large transfers of money with great suspicion.

Mhambi

Don't do it.
99% you will NEVER see the money again (even if you can get it as your earnings to credit ratio is quite low and that even with a good credit record) and a breakup will be imminent after the transfer of the money.

You could sponsor him. That does take up quite some commitment but would be the safest way. He would have to live with you and you would have to cover all his costs. That may be something you can think about as this would not require you to part with any money to him up front but chances are that he will come up with another reason why he needs the money and not the sponsorship.

I am glad you ask for advise here first as it shows that you at least think. There are hundreds of people like you that get scammed from all over the world like this every week. Just because he is in the US does not make him a saint.

Ozcat

And for those suggesting the spouse/fiancee route, it's not as easy as it might seem! There's a lot of paperwork needed, and you must prove that you can support him without recourse to public funds.


It's also considerably more expensive, I believe about £750 now (and of course you would have to get married)

Mhambi

Ozcat wrote: »

And for those suggesting the spouse/fiancee route, it's not as easy as it might seem! There's a lot of paperwork needed, and you must prove that you can support him without recourse to public funds.


It's also considerably more expensive, I believe about £750 now (and of course you would have to get married)

Like I say:

....take up quite some commitment.....

but it would be the safest way. Bet is anyway,that he would not like to go ahead with it anyway as it sounds more like he wants cash and nothing else.

sazzybum

It's a simple four letter word... SCAM!

If he was a Nigerian love of your life-would you do it? (And please-I'm not being rascist here-believe me) but it screams of the same thing.

ILW

I wonder if OP has actually met the guy in real life.