Emergency loan - new job

Neddyboy

Hi all,
1st time poster

Just changed jobs for a much better paid one, however my last paycheck is only a quarter of what I need to get by and I won't see my new paycheck until around mid September. Are there any good services whereby I can get a loan to bridge that gap so I don't have to defer / miss any of the important paymetns such as rent, gas / elec food etc etc.

Kinda desperate as my bank just refused me so my credit report is now a little worse than it was....

pete-20-11

Have you asked your new company if they can give you an advance?

DCFC79

A credit card would be useful in this situation.

If employer says no then baked beans on toast or pasta for meals is an option.

Neddyboy

New employer is an agency, so I'm basically a contractor. I have a credit card with some available funds on it, but its more about the direct debts for my rent, car, council tax etc etc that I'm worried about.

Would a credit union be a good place to go? I do have one near me.

BobQ

Neddyboy wrote: »

New employer is an agency, so I'm basically a contractor. I have a credit card with some available funds on it, but its more about the direct debts for my rent, car, council tax etc etc that I'm worried about.

Would a credit union be a good place to go? I do have one near me.

Would your bank give you an overdraft to cover this?

DCFC79

Neddyboy wrote: »

New employer is an agency, so I'm basically a contractor. I have a credit card with some available funds on it, but its more about the direct debts for my rent, car, council tax etc etc that I'm worried about.

Would a credit union be a good place to go? I do have one near me.

You can try but they may want you to have been with them for a number of months.

Have you explained the situation to the gas, tv sup pliers, they may help you out.

You got no savings to cover this situation ?

Any family who could help you out ?

Neddyboy

Thanks for the suggestions guys.

Phoning up suppliers / landlord etc is what I'll be ding tomorrow if I can't source some funding.
No savings I'm afraid, never really been paid enough to save, although that will change once I'm settled intot this new role.
Overdraft is near limit although I could go begging around the family...

Thanks again, just the timing of my outoings vs new income sucks.

[Deleted User]

You have a 'temporary' problem. It will serve you well to think like this, 4 weeks if that compared to 14 months of not being able to pay is brush off.

Cash Converters or their independent equivalent very helpful and when I sold something a year ago (didn't mess around with buyback even) I don't happen to remember them marking my file.
I know not every employer facilitates but could you book emergency leave if it came to it.

AnotherJoe

Neddyboy wrote: »

New employer is an agency, so I'm basically a contractor. I have a credit card with some available funds on it, but its more about the direct debts for my rent, car, council tax etc etc that I'm worried about.
.

Take cash out of an ATM on your credit card and pay it into your bank.

Enterprise_1701C

AnotherJoe wrote: »

Take cash out of an ATM on your credit card and pay it into your bank.

And pay a fortune in interest from day 1.

AnotherJoe

Enterprise_1701C wrote: »

And pay a fortune in interest from day 1.

It's not a "fortune" . It will be 3% and this is a one off for a couple of months to avoid a whole bunch of defaults on credit record. Once the new salary kicks in OP can pay it off, and then immediately start saving to get a 6 month cash buffer.