Loan Advice

annafloss

Moneymash wrote: »

Why can't you use the 'Golden Hello' to pay off the overdraft, instead of including the entire overdraft repayment in the prospective loan?

I start my job mid-September, so won't get a full month's pay at the end of the month. As a result, the Golden Hello (+ a week's pay) will have to be treated as my month's pay.

It actually means that it isn't really much of a bonus! Nonetheless, it does mean that I am fully covered that month.

annafloss

poppasmurf_bewdley wrote: »

No one has a GUARANTEED position from September onwards, as millions who have lost jobs or been made redundant from positions they thought were secure for life have found out to their costs (me included).

Yes, I understand.

Does anyone have any suggestions on any other options I might have?

DCFC79

annafloss wrote: »

Yes, I understand.

Does anyone have any suggestions on any other options I might have?

Yep forget paying the student loan off for now and concentrate on looking for a job via an agency.

CLAPTON

basic ways of getting money

family / friends
earned income
credit card
overdraft
loan

supplemented by cutting all spending to the bone and saving as much as possible between now and then

what's your current income?
what are your current expenses? (essential)
c an you reduce them ?
any spare on the OD?
what's the CC limit?

you could approach your bank for an increase in the OD (even if charged interest ) or a loan as presumably they know you are responsible with your money

and of cause presumably you are still looking for a job

annafloss

CLAPTON wrote: »

you could approach your bank for an increase in the OD (even if charged interest ) or a loan as presumably they know you are responsible with your money

So, presumably it is easier to get a loan from the bank that you already bank with than from another lender - is that correct?

annafloss

DCFC79 wrote: »

Yep forget paying the student loan off for now and concentrate on looking for a job via an agency.

Unfortunately, the closer it gets to my start date, the harder it has been to get any work!

DCFC79

annafloss wrote: »

Unfortunately, the closer it gets to my start date, the harder it has been to get any work!

Whys that then, you register at all agencies for work and just take whats going to last till september. Dont have to use agencies, look on job sites for temporary work.

annafloss wrote: »

So, presumably it is easier to get a loan from the bank that you already bank with than from another lender - is that correct?

Yes thats what Clapton is saying

annafloss

DCFC79 wrote: »

Whys that then, you register at all agencies for work and just take whats going to last till september.

There aren't even any permanent jobs! And of the ones that are available, I'm apparently overqualified. It's a total joke

Southernman

Not if they don't know about your qualifications.

bigadaj

Southernman wrote: »

Not if they don't know about your qualifications.

I think you need to have a couple of versions of your cv at least, targeted to different jobs.