Help needed to relocate for employment

KillerK575

Hey guys I graduated from university in July and ever since I have been unemployed looking for work. I have been on the Jobseekers Allowance since November.

I have been offered a job however in London (I live in Doncaster) for a really good company. I start on the 19th Jan but however I do not get paid until the 23rd February. This means I will not be paid for 5 weeks and must fully fund it myself.

At first my family were going to help me but however due to recent events and circumstances this cannot happen. I tried getting a bank loan and graduate loan but it is difficult for me as I am currently unemployed and have been. I cannot receive any type of grant or loan from the Jobseekers too.

I have worked out after my monthly wage and expenses, I am left with over £600, more then comfortable to pay a loan off in agreed installments if that was the case. I have worked out also that I would need around £1400 to move to London and survive for the 5 weeks.

Doe's anyone have any suggestions?

Thanks guys!

CLAPTON

have you asked your future employer for a loan or advance of salary?

dealer_wins

No company is going to lend to you im afraid. Family really is your only hope.

Tixy

Have you approached your current bank with evidence of the job offer to apply for a graduate loan? Did they say why you were not eligible?
Does the employer offer any relocation assistance? Or will they offer a loan to be repaid from wages?
In the short-term have you looked into how much commuting by train would cost, may be cheaper than moving and at least there are direct fast trains from Doncaster.

KillerK575

Some companies offer graduate funds but i'm afraid my company doesn't! And yes I have, I have given all the evidence and documents and a decision is going to be made tomorrow by the bank for the graduate loan. But like I say it may not be good because I haven't been working and this is my first job after University.

The commute from Doncaster would deifantly be too much! Talking 3-4 hours...:-(

Does anyone recommend a loan from a non high street bank? Like I say I only need 1500 and I can afford to pay back monthly. I understand my interest will obviously be higher but I guess that may be the best shout!?
Cheers Guys

stator

When I started my first job all I had was a letter of employment. My bank gave me a loan to cover the expenses of moving and getting place to rent etc.

If you don't have any negative credit problems and you've been with the bank a while I'd say you have a good chance.

KillerK575

I will let you know the outcome later on guys! Thanks

Dingo12

Have you thought about getting a graduate bank account with an overdraft facility?

Cycrow

do you have a credit card or overdraft you can use ?

luckily when i relocated to London i had a credit card which i used. Althou it cost me closer to £3000. (deposit + first months rent + agent fees + moving costs)

KillerK575

I cannot get a credit or extend my overdraft. First things that I tried. I've been trying to look at loan companies online but they all seem so fake! Such a difficult position where an amazing opportunity in my life, so I dont want to make any bad life decisions.

Nayth93

Dont know much about them but Credit Union maybe can help?

AVOID PAYDAY LOANS. They kill credit history.