I need a Loan

Pixie5740

Remulos wrote: »

Pixie5740, thank you so much, I did have my suspicions about Christmas behaving wildly and changing date of it's own volition so thank you for alleviating my fears.

You are welcome.

Remulos wrote: »

As I mentioned, I only finished my DMP in June and (at the time) was expecting to have more disposable income once it was over so saving for Christmas presents was not at the forefront of my mind. In the future I will indeed be saving throughout the year but insightful retrospective isn't very helpful at the moment.

Hence my suggestion that you cancel Christmas and start afresh next year now that you know it will, yet again, fall on 25th December. :rudolf:

Remulos wrote: »

Also, thank you for looking out for my mother, it would be horrible if I took advantage of her. She would probably forgo rent for a month, even though she can't afford it. That's why I won't ask her. Wow, looks like we're both looking out for her.

Paying rent to your mother is no different to paying rent to a landlord. It is a priority bill and I am glad you will not take advantage of her.

You didn't answer my question about what the laptop is for, work, study or hobbies as we may have some alternative ideas on funding a new laptop depending on what it is to be used for.

Remulos

BrassicWoman wrote: »

You didn't answer the question about if your laptop is for work or home

If it doesn't generate income, your hobbies may have to wait - you cannot afford them. Wanting things now is most likely what got you into the mess, not short term thinking!

My apologies, it is not directly for business. I use it for everything but primarily for designing a product which I hope to launch. This obviously isn't generating any income so I'd still class it as a hobby.

You're absolutely right that wanting things now was a key driver in my debts and that's why I'm very aware of that kind of behavior now. But I wouldn't put a laptop or computer in the same category as 'hobby' things like a games console or bigger TV. Like most people now, a large portion of my life is online and I can't ignore that.

poppasmurf_bewdley

Remulos wrote: »

About £300. In 2 or 3 months I'd be able to buy one without financial aid but realistically December is a write off, like most people I have to buy Christmas presents, and I can't go without a laptop until March.

You only came out of a DMP four months ago and now you want to take out a loan.

You need to forget having a laptop until you can afford to go out and buy one with cash that is sitting in your bank waiting to be spent.

You can get a decent machine for less than £200:
http://stores.ebay.co.uk/Argos?category=175672&categoryName=Laptops%20&%20Netbooks

FORGET GETTING A LOAN!

Remulos

So I can see that I'm not going to get my actual question answered. DomRaviolli, Candyapple - thank you for your comments and constructive ideas. Thank you everyone else for your condescension. I'll figure something out.

For future reference, please bare in mind that in this day and age a laptop/PC/any device which can provide access to the internet is a fairly fundamental requirement to most people. Much like electricity or heating and you wouldn't suggest I go without them. I literally don't know a single person over the age of 6 who doesn't have access to a personal computer. Do you?

[Deleted User]

There's a fundamental difference between internet access and a £700 computer.

The first can be achieved very cheaply, but I got the impression you weren't asking for internet access?

Remulos

Deleted_User wrote: »

There's a fundamental difference between internet access and a £700 computer.

The first can be achieved very cheaply, but I got the impression you weren't asking for internet access?

No, you're right. To continue my previous analogy, I guess I'm looking to buy a boiler that will heat my entire house for the next 15 years rather than one which will heat one room and need to be replaced next month.

But also, I wasn't actually asking about laptops, I was asking about loans. The question would be the same if I was actually buying £700 worth of methamphetamine's.

Candyapple

How about applying for Aqua or Vanquis credit cards? You might get a better limit than £200.

Or failing that and sticking with just the Luma, why not put the £300 remaining you'll get from October's pay packet on top of the £200 limit, that way you'll have £500 to put towards the laptop which is not the £700 you were looking for, but better than nothing.

Or do you have anything you could sell on eBay to make up the shortfall?

Reduce your outgoings for a couple of months such as staying in instead of going out etc?

Ask your employer for a short term loan or salary advance?

Bear in mind that with loans, it's usually the higher the amount, the lower the interest rate. Loans that are £1k and less are usually offered at ridiculously high rates because the banks don't make any profit out of them. That's just the banks mind you, other lenders/loan sharks will charge you an extortionate APR for a low amount loan so whilst you may only want to borrown £750-£1k, you'd end up paying back £3k which is stupid in anyone's book.

poppasmurf_bewdley

Remulos wrote: »

So I can see that I'm not going to get my actual question answered. DomRaviolli, Candyapple - thank you for your comments and constructive ideas. Thank you everyone else for your condescension. I'll figure something out.

For future reference, please bare in mind that in this day and age a laptop/PC/any device which can provide access to the internet is a fairly fundamental requirement to most people. Much like electricity or heating and you wouldn't suggest I go without them. I literally don't know a single person over the age of 6 who doesn't have access to a personal computer. Do you?

Probably not. But there again, those who have got a laptop have been able to afford to buy it, one way or another. YOU CANNOT. It appears your years on a DMP have taught you nothing. You have an 'I want so I must have' mentality.

Pixie5740

Yes I do know people who don't have access to their own computers. I know people who still go to the library to access the internet. People cut their cloth accordingly.

You could afford a cheaper, refurbished laptop but for some reason think that buying a more expensive laptop will work out cheaper in the long run.

I had a look at the 118 loan website. Their advertised APR are 35.9% and 99.9%. :eek: The minimum loan amount is £1,000 and the minimum terms is 12 months and that's assuming they even accept you.

I suggested you use the MSE loan eligibility calculator but to be honest you probably won't get better rates than 118 offer at the moment.

Therefore making it cheaper to buy the refurbished laptop at £300 to get on with for now and saving up for something more powerful further down the line.

27col

Remulos wrote: »

About £300. In 2 or 3 months I'd be able to buy one without financial aid but realistically December is a write off, like most people I have to buy Christmas presents, and I can't go without a laptop until March.

Unlike most people you cannot afford to buy Christmas presents this year. If people cannot understand that then it's about time that they did. No-one is going to think any the less of you for not getting a present.
But they will certainly approve of the fact that you are making an effort to stay solvent.
It was buying things that you could not afford that got you into financial trouble in the past.
If you haven't worked out what your real priorities are then I suggest that do so rapidly.
Here's a clue. Christmas presents are low on the priority list.
Best of luck with it. There are some sensible suggestions in some of the posts above