Employed, £1ooo+ a month, and need personal loan

RobertoMoir

keepitreel wrote: »

I really need this loan now

No, you don't. If you're struggling to repay the likes of Wonga then you're unlikely to get a loan from any place even vaguely reputable. The sort of loan shark who breaks one of your legs in advance as "collateral" might just be persuaded to lend to you but that's probably about it

keepitreel wrote: »

I take 2 buses plus a train now to get to work.

Plenty of people do the same as you and manage ok.

If you've only been in work 3 months, and you've recently been struggling to repay a lender of last resort like Wonga then you have credit problems. I appreciate you probably won't agree but the last thing you need is more credit right now.

gingeralan

keepitreel wrote: »

Thanks for the feedback.
I need the £3k to immediately buy a car to get to work and pay back family/friends who have been waiting for long time and can not keep them waiting until I save up..

There are many cars available for significantly under 500 I have been searching for a car for less that 250 to take part in Barcelona bangers next year, amazing what you can get in perfectly working order and would deffo last the next year at least before any major repair work was required.

HappyMJ

keepitreel wrote: »

No they won't take me to court, I just want to give them their money back and keep the relationship good and for the long term..I'd like to pay them in full NOW and prefer dealing with a bank as I am able to pay £300 monthly.

I really need this loan now, I take 2 buses plus a train now to get to work.

If you were my friend/family member and you consistently gave me £350 (or a proportional percentage of) every month on your payday for the next 10 months that would not bother me in the slightest. Exactly how much is outstanding to your friends/family members?

If you were to purchase a car you wouldn't have to spend money on bus/train tickets...so....how much do you spend on those tickets and how much would running a car cost? Would it save you money? As has been said most people get a bus the first few miles to the station (or walk or cycle) then a train for the majority of the trip then a bus for the last few miles to work...to me that's quite normal. According to the AA there aren't many cars that cost much less than £200 all in every month for about 100 miles per week which assumes your workplace is 10 miles away..

If you really really want a car then get one on hire purchase. You'll need to save towards the deposit, the insurance, the road tax, the breakdown cover, the MOT..etc...if you then fail to make the monthly payments they'll take the car back and your credit won't be affected as it's not a loan...it's an expense.

DCFC79

keepitreel wrote: »

No they won't take me to court, I just want to give them their money back and keep the relationship good and for the long term..I'd like to pay them in full NOW and prefer dealing with a bank as I am able to pay £300 monthly.

I really need this loan now, I take 2 buses plus a train now to get to work.

Why stop now, why not continue taking the bus X 2 and train X 1 and save up what you need.

Learn how to budget appropriately would be useful (i take it being a student you learnt how to budget).

27col

If you can mange to save £350 p/m then why cant you just pay back your kind lenders something every month. I'm sure that they would be glad to accept instalments, it is showing willingness to start to reduce your debts to them..

Caz3121

have you costed the running costs for a car, you spare £350 could easily be eaten up by insurance and fuel so you would have nothing left to pay a loan with

AlexLeigh

You could try a guarantor loan if you are desperately seeking finance. You'll need someone to support your loan application (such as a friend or family member).

If you do this, then bear in mind that your guarantor would be as liable for credit repayments if you couldn't keep them up.

sterlingstash

AlexLeigh wrote: »

You could try a guarantor loan if you are desperately seeking finance. You'll need someone to support your loan application (such as a friend or family member).

If you do this, then bear in mind that your guarantor would be as liable for credit repayments if you couldn't keep them up.

No, don't do that. You'd be borrowing money at a very high rate of interest, probably with one of the people you already owe money to now on the hook for that loan, in order to pay them back. That would be utterly stupid.