I need £7,000 for two months

Emmzi

sometimes the 60 year olds know but take it as a trade off for other benefits. Which is a fair deal if everyone has their eyes open!

Daydream1608

Rafter wrote: »

D,

On the basis that you have been together for 4 years, trust him etc I will try not to sit in judgement about whether you should lend him the money or not!

As long as your credit rating is good you should be able to get that kind of sum on your salary. What you are looking for is a loan without early repayment penalties with narrows it down to the post office or zopa. Zopa has setup charges so that leaves the post office option as your best bet. The loan should cost you about £100 in interest for 2 months.

Good luck.

R.

First of all, thank you to everyone who has replied!

I obviously didn't set the scene well enough, as you think me and my boyfriend have never met!

We didn't meet on the internet, we met travelling, and spend four months travelling the world together. We have visited each other roughly every two/three months since then. And yes I've met his entire family, and he's met mine!

We've talked about marriage and we're both keen, but as many of you have mentioned - living together is very different to long-distance, so we want to do that first.

He didn't ask me for the money by the way, it's something I suggested as his Dad passed away, and Mum is struggling financially.

He's lent me hundreds of pounds in the past (when we were travelling) and I trust him implicitly. I know in the world of the internet there are lots of scams, so I understand the scepticism, but not everything is.

Thanks for your advice Rafter, I really appreciate it!

Any more advice would be great, and again I do appreciate the concern! I just hope I've made the situation more clear.

- D

Ps. Sorry to raise suspicions by not replying sooner, I've just got home from work!!

sjb2016

As someone that did take out a loan to finance a UK course (post-grad mind, only a year), I would suggest that the OP's boyfriend take out a loan in the States if he's that serious. I took out a loan for about $20,000 to cover the course and expenses. It was well worth the investment as I met my partner and we now have the most beautiful daughter in the world. To top it all off, the loan was paid of in just over 3 years as my partner and I moved to China and whilst we lived like kings, I still was able to send loads home to pay off the debt.

Back on topic though, if he gets a subsidised Stafford loan, which would cover most of the required £7000 amount, there isn't any interest until after the course has finished, so if he didn't really need it, he could pay it back early and lose nothing.

A lot has changed since my student time, but the concern about large sums of money being deposited into an account isn't as much a concern for student visas as a loan would invariably be a large lump sum deposit. Having said that, it's certainly a no-no for marriage/un-married partner/highly skilled worker visas.

Just check out the official numbers, and a subsidised Stafford loan is up to $8,500 (about £5,200), so there would be some interest paid on either an un-subsidised Stafford loan or other private college loan. All the information is available from Staffordloan.com

sazzybum

Daydream1608 wrote: »

First of all, thank you to everyone who has replied!

I obviously didn't set the scene well enough, as you think me and my boyfriend have never met!

We didn't meet on the internet, we met travelling, and spend four months travelling the world together. We have visited each other roughly every two/three months since then. And yes I've met his entire family, and he's met mine!

We've talked about marriage and we're both keen, but as many of you have mentioned - living together is very different to long-distance, so we want to do that first.

He didn't ask me for the money by the way, it's something I suggested as his Dad passed away, and Mum is struggling financially.

He's lent me hundreds of pounds in the past (when we were travelling) and I trust him implicitly. I know in the world of the internet there are lots of scams, so I understand the scepticism, but not everything is.

Thanks for your advice Rafter, I really appreciate it!

Any more advice would be great, and again I do appreciate the concern! I just hope I've made the situation more clear.

- D

Ps. Sorry to raise suspicions by not replying sooner, I've just got home from work!!

I'm the first one to hold my hand up and stand corrected! And I apologise..however I really still wouldn't loan him 7k. All senses are screaming against it.

In the grand scheme of things-you still don't know him very well, and if he loves you(and you love him) then he'll save/borrow the money on his own.

I'm sorry-but I'm still doubtful.

NeverInDebt

But the Op wants to borrow 7k to give to him for at least 28 days, any lender would ask what the money is for and I doubt they would be happy for the customer to then give the 7k away even if it was for 28 days.

Plus what they are doing is fraud by trying to circumnavigate the rules, ie the money is meant to show they can support themselves. They clearly cant support themselves that's why they are wanting to borrow the money in first place

Nicholas_J._White wrote: »

I don't know why everyone's being so cynical, they've known each other for 4 years!!! That's a lot of effort just for 7K. If this is indeed serious I would highly recommend lending him the 7K otherwise he will surely dump you if he is unable to get over here. Stuff the loan idea, if your credit rating is sound I would apply for multiple credit cards now (make sure you have a maximum exposure total of >7k and that all the cards have good rates for at least the couple of months you require them for). When you get them, withdraw the 7K from cash points (as many days as it takes to amass the 7K), then either deposit it in your account in one go and transfer it straight to his account or alternatively (quicker), send the 7K cash via air mail and he can sort it out. Good luck!

intranicity

Nicholas_J._White wrote: »

When you get them, withdraw the 7K from cash points

She's after a cheap option.... £7k from credit cards as cash, ARE YOU NUTS!!!

And I hope that her boyfriend is a nicer guy than you, as I see no evidence that "He'll surely dump you"
:mad: lol

KiKi

Nicholas_J._White wrote: »

I don't know why everyone's being so cynical, they've known each other for 4 years!!! That's a lot of effort just for 7K. If this is indeed serious I would highly recommend lending him the 7K otherwise he will surely dump you if he is unable to get over here. Stuff the loan idea, if your credit rating is sound I would apply for multiple credit cards now (make sure you have a maximum exposure total of >7k and that all the cards have good rates for at least the couple of months you require them for). When you get them, withdraw the 7K from cash points (as many days as it takes to amass the 7K), then either deposit it in your account in one go and transfer it straight to his account or alternatively (quicker), send the 7K cash via air mail and he can sort it out. Good luck!

Clearly this poster is a troll as the credit card option is pure stupidity, as is sending cash by airmail.

I'm sure most people would know that, but just in case the OP isn't credit card savvy, thought I'd just point that out.

KiKi

A_nice_fellow

Doesn't look like a troll to me mate. Looks a very sensible advice giver.

A_nice_fellow

anyway - don't believe the naysayers. At your age I was perfectly sure that my parter was the one. they do not understand true love in the same way I did - and I sense that you did. Normally mixing finances like this is a bad idea, but when you know he's the one - and you and me both know he is - there's no point in holding back just to be "cautious".

Next time he's around it's your duty to show him the kegel exercises you've been doing

KiKi

A_nice_fellow wrote: »

Doesn't look like a troll to me mate. Looks a very sensible advice giver.

Absolutely nothing sensible about applying for lots of credit cards in a short period of time and wrecking your credit rating. Nothing sensible about withdrawing £7K cash from those cards and being charged a high interest rate from the day of withdrawal. And certainly nothing sensible in the notion of posting £7K cash to America.

As you know full well. Mate.

KiKi