I need £7,000 for two months

backinbusiness

Is Nicholas J White the bf by any chance?

Hax

A_nice_fellow wrote: »

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

Seriously?!?! Withdraw cash on a CREDIT card, from a cashpoint? Most cards will charge a 2.5% to 3% handling fee with a minimum charge of £2.50. PLUS, cash advances attract the highest interest rates and they are charged from the point the cash is withdrawn to the point it is paid back. Just the 3% handling fee would cost £210. Add to that at least 1 month on a 23% APR and the OPs costs are rocketing towards £400 in the first month...

Now, if they can get credit cards with 0% APR on money transfers (such as MBNA offer) then the CC route starts to make a little more sense - however, I think the OP would struggle to get approved for £7K of credit cards all offering 0% on money transfers - but may be worth a try.

Myself, I think it's a lot to not only take out a loan of £7K for someone who could so easily up and leave, but to commit fraud in process of doing so... Pure madness

Maybe you should knock the flights to see each other on the head for a while and save that money instead.

AnxiousMum

I don't see why he would be needing £7K to suddenly appear in his bank account if he's coming here as a 'student'. International students pay high fees - so how's he going to pay for those? He certainly wouldn't be able to claim for a student loan, and I know when my eldest started uni, and as he was born in Canada, the first invoice for tuition we got was in excess of £9K - had to correct that with evidence of how long he had lived here, his right to study here etc. and they reduced it down to the resident's rate.
So does he have the money for the tuition?
Maybe a better way for him to come here is via his student loan in the States, and by taking a year out of his uni there to do a year here in exchange for a UK student going there - that way you have an easier time immigration wise, and he still pays his 'local' tuition fees, and the British student pays their 'local' tuition fees - no triple the tuition costs for anybody.
Does his course of study allow this option? Many do.

telboyo

If your partner is a US citizen no cash is required for the first 6 months and can come in for free on a studying visa.
This wil give you a 6 month period for you to both assess the viability of you relationship.

http://www.ukvisas.gov.uk/en/ukvqr;jsessionid=EBFDADA4042962C9A444B3BAEE1241D4.tomcat3?redirect=true&promoId=22829598&reason=Study&nationality=United+States&location=United+States

asandwhen

Hax wrote: »

Seriously?!?! Withdraw cash on a CREDIT card, from a cashpoint? Most cards will charge a 2.5% to 3% handling fee with a minimum charge of £2.50. PLUS, cash advances attract the highest interest rates and they are charged from the point the cash is withdrawn to the point it is paid back. Just the 3% handling fee would cost £210. Add to that at least 1 month on a 23% APR and the OPs costs are rocketing towards £400 in the first month...

Now, if they can get credit cards with 0% APR on money transfers (such as MBNA offer) then the CC route starts to make a little more sense - however, I think the OP would struggle to get approved for £7K of credit cards all offering 0% on money transfers - but may be worth a try.

Myself, I think it's a lot to not only take out a loan of £7K for someone who could so easily up and leave, but to commit fraud in process of doing so... Pure madness

Maybe you should knock the flights to see each other on the head for a while and save that money instead.

Halifax clarity card - No cash advance fee - No fee for withdrawing abroad - although apr is charged from date of withdrawal (which is 12.9%) but if paid off after 28 days it would be cheaper than getting the MBNA card and paying the balance transfer fee.

bouncydog1

Which Uni is he applying for, what course and how much is he being charged as an International Student? His course fees alone could be in excess of £12k per annum.

I suspect the £7k is to show he can finance his living costs.

OP - has he/you thought about the costs going forward and how he is going to finance these. He will need books and possibly funds for additional costs such as field trips etc.

You are going to have difficulty financing both of you on your salary and he is going to have to work a lot of hours outside Uni to fund his fees alone, even if you are able to pay all of his living costs. Remember that his fees are per annum - and his course could be 3 or 4 years long. Do not believe that two can live as cheaply as one - you can't!

Wobblydeb

Ditto what other people have said that if he is genuinely coming here to study, then he's going to need several £000s in tuition fees, never mind living expenses. If there are loans available to cover that from providers in America, then can he not simply apply for a loan himself? He needs confirmation of a place at a specific institute and have the money in his account for the visa application.

If he isn't genuinely coming here to study, you need to find another route for him to get a visa. The government has tightened up student visa rules, and universities have to confirm attendance, or risk losing their licence to take in foreign students. If attendance is not confirmed then the deportation process starts....

Idiophreak

NeverInDebt wrote: »

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

Clearly can't support themselves?

I don't have 7k cash sat in the bank, but I still manage to support myself...

I don't know the ins and outs of it, but I can't imagine it's "fraud" as such. They say "we think this will cost you £7k, you need to show us you have the money" - why would going off and raising the money, by any means, be fraud? You can "support yourself" for a fixed period of time on a loan, afterall, as most students do.

Ozcat

I'm not 100% certain how it works with student visas, but with other types you need to clearly show that the money is yours to spend (not just deposited there for the purposes of getting the visa)

wilf55

bank loan?