need advice urgently

adpad

Basically, I started my new job on 30th April, but, being a contractor, I don't get paid until 45 days after i send in my first invoice.

Anyway, I will finally get paid near end of July, but for now I have no money left. I've hit my over draft limit on my Natwest Graduate account.

So i need some money mainly to pay for train to get to LDN and food. And also direct debits, one being £290.

Whats the best way to get £500 without having to pay much interest?

Thanks

rdchick

Sell stuff?Definitely 100% do not do something you might regret xxx

princess*daisy

If you already have some food in, you might not need to buy any more if you are careful. Make a list of everything you have in your cupboard/fridge/freezer and go ask people on the Old Style board for advice for what meals you can make from it.

As rdchick says, is there anything you can sell?

Any kind family members or friends willing to help you out and lend you some money until you get paid, even just to cover your transport?

Crisis loan maybe? It's doubtful whether you would qualify and it says you can't claim for work-related expenses, but might be worth a try for food or to prevent further hardship - http://www.dwp.gov.uk/publications/specialist-guides/technical-guidance/sb16-a-guide-to-the-social/crisis-loans/

What is the direct debit for? Can you speak to the company and see if they would accept a late payment as a one-off, given your current circumstances? If your previous payments have all been made on time, this might not be much of an issue.

Is there anyone who works with or near to you who could give you a lift to work? You could offer to give them a few quid towards petrol when you get paid, that way it benefits them too.

Is there no way your employer could give you an advance on your wage?

I would say avoid payday loan companies like the plague. It's too easy to fall into the trap of needing to rely on them all the time.

Good luck.

adpad

is there not a bank that i could open up an account with that has a got overdraft facility?

[Deleted User]

Would a good start not be your own bank or the people that you have used in the past...

I would think that new accounts unless you have a very good c-raiting would not be the easiest option, some like to see what goes in and out first and as you don't have payslips you may struggle, but I guess you could always use a copy of your contracts...

If you borrow money for 45 days you won't pay a huge amount, yes it will most likely be too much, but if you are very sure that you can pay it back when you are paid, I suppose you have little choice.

No easy option here, with the amount you need you would have to do some serious selling, unless you own some nice items?

McKneff

Try and negotiate with your 'employer' to be paid faster.
I know it doesnt help in the short term but it may help long term.