I need £3000 ASAP. HELP!!!

DonQuix

Hi,

I'm hoping that somebody on here will be able to offer me some advice as I'm at the end of my tether...

Basically, I have a leak in my roof that allows water to pour in through my bedroom ceiling every time it rains. I live in a listed property and my insurance company are refusing to help, saying that the damage is due to wear and tear over time. I need to sell my house in order to get my career on track, and I've spend all of my £10k savings on completely renovating the place (new central heating system, carpets, windows, kitchen and bathroom furniture - I've made the £10k go a long long way). £2,900 of that £10k went on re-slating a section of the roof that was supposed to have remedied the leak. But now it's back, and it's going to cost the same amount again to have the remaining section re-slated.

I recently returned to uni as a mature student and graduated last year... this meant taking an evening and weekend job that only gave me 42 hours per week at just over £8/hr - a considerable pay-cut from the salary I had been earning. Since graduating I managed to land a highly sought after role with the foreign Office which took 15 months to gain; the start date was 4 weeks ago, and I've had to miss out on that job because of the complications with the house. However, I've now got myself another job in the local area, at a considerably higher salary than my current role, that starts in 3 weeks' time.

I have £2,200 available to spend on my credit card, but this would be the last resort as it is such an expensive way to borrow. My bank, Barclays, didn't give me the time of day - even though I've banked with them for 15 years and never been in the red - they told me to borrow on the credit card and come back when I have 3 months' pay slips. (They didn't even take me into an office to question my credentials; they conducted it in front of a queue of customers which was extremely degrading and hugely embarrassing). I have no friends or family who could lend me the money so it seems that my only option is to use one of the QuickQuid-type instant lenders at an extortionate rate.

As soon as the roof is sound I'll be quickly re-decorating the water-damaged room and putting the house up for a quick sale so I have no problem in using the house as security.

I really don't know what I can do. Every time it starts to rain my stomach knots with worry as it's just causing more and more damage to the house.

What should/can I do?

DonQ

CLAPTON

using the credit card seems the obvious answer

Cycrow

Are you sure the credit card is going to be alot more expensive ?

a loan of £3000 wont get you the best rates and will be close to that of a decent credit card.

Also, if you are getting a good salary then it sounds like you could afford to clear it off pretty quickly, so you might only pay a few months of interest.

if your own bank wont give you a loan, the chance of you getting a loan at a decent rate and lower than your credit card is unlikely.

i would defiantly use the credit card over a payday loan

gb12345

If your bank won't offer you a loan then you're unlikely to get one from any of the other mainstream lenders at a good rate (if not declined outright).

You may be best off sticking it on the card and paying it off as quickly as possible with all the extra money you will have from your payrise.

Mallotum_X

Is your property mortgaged? can you speak to your provider.

DonQuix

Hi, and thanks for your quick responses...

It looks as though the credit card is going to be the only option then. My new job certainly isn't going to be 'great' money though, just better than what I'm earning at the moment, which is a pittance. Unfortunately there's next to no decent work in my area at the moment, which is why I'm having to take whatever I can find, and why I need to sell the house and move somewhere else.

Mallotum_X wrote: »

Is your property mortgaged? can you speak to your provider.

Yes, the house is mortgaged... with Northern Rock (NRAM). As they no longer provide financial services, just asset management, I don't see them being able to help me.

Don

cc_user

So you voluntarily missed out on a lucritive CAREER (not just a job!) in the FCO because of "house complications"?

Sounds Flakey.

sharp82

cc_user wrote: »

So you voluntarily missed out on a lucritive CAREER (not just a job!) in the FCO because of "house complications"?

Sounds Flakey.

Yep, thats what the OP said.

Dont think it was the main point of the post though

andy_vip

I'd just make a temporary repair, probably for around £300-400. Get the roof watertight for the time being, focus on your job and put aside money to enable you to do the roof in a few months. A good roofer should be able to help you out.

Bangton

I hate to pick up on it but why did the complications mean you couldn't take the lucrative job and put yourself potentially in a better position?

The credit card is the obvious answer. I can't understand why that's a last resort yet using QuickQuid is ok??!

Sorry not a dig..

kerri_gt

DonQuix wrote: »

. £2,900 of that £10k went on re-slating a section of the roof that was supposed to have remedied the leak. But now it's back, and it's going to cost the same amount again to have the remaining section re-slated.

DonQ

Who did the work and did they guarantee that would remedy the problem? If it was a roofing company have you spoken to the regarding the fact that it hasn't fixed the issue?