Graduate Short Term Loan Help

Creeky

Hi there, been using MSE for some time but alas there is no page dedicated to my current predicament!

My situation is pretty simple; I'm a recent graduate; have a job lined up in the states which starts in October.

Between now and then I have to move out to the states and get a place to live etc but don't currently have the funds to do so. My new job will be paying me a roughly 20,000USD sign on bonus mid October after I start work so I am now faced with the problem of getting a loan to cover the costs of moving out there and repaying it ASAP after I have done so.

I estimate that I will probably need in the region of 3.5k to 5k (GBP) in order to be sure to have enough funds to put a deposit down on a place, pay initial rent, flights over there etc

Does anyone have any suggestions as to which graduate loan provider I should be looking at? Ideally I would have hoped to get a USD loan so as to eliminate my exposure to FX risk but as someone with no US credit history I have no idea how easy that will be.

I am currently with RBS using their student current account with already about £700 overdraft.

Any and all suggestions/help would be appreciated!

Tixy

Most graduate loans require you to already be employed on a permanent contract, although a few (RBS included) will consider you if you have a firm job offer.
But I would be expect them all to require that job to be in the UK. Informing a potential lender that you are going to be moving abroad will always ring alarm bells - it will be much harder/near impossible for them to enforce the debt against you if you stop paying once living abroad.

Have you asked your new potential US employer if they can provide an relocation costs or loans to you? Or perhaps suggestions as to providing cheap accomodation when you get there - and then you looking to rent somewhere of your own once you have had your bonus.

If they could do that then perhaps you could look for temporary work over the next couple of months to try to cover the cost of the flight etc?