ESA support group and a loan

NYM

midnight_express wrote: »

I'd be very worried about the "against by property". It sounds like a scam.

It sounds like a Equity Release type plan.... equally worrying if it is

Ames

I don't know why people are complaining about the OP putting it in an ISA. If part of it's for living costs then they won't all become due at once so it's prudent to keep it in an easy access account and draw it off at a monthly/weekly/quarterly/whatever rate. Unless I'm just weird in paying my bills monthly rather than yearly.


Similarly for the costs of training, fees could be due in more than one payment, especially if it's a course that's longer than a year.


I think the issue the OP could/would have is if it goes over the 6k capital limit. I don't know if it makes a difference that it's for a specific purpose that presumably will have a contract showing it's only to be used for that.