Desperately need a small loan

Deva2005

Hi all

I am in a real mess and looking for some advice / support.

Recently I lost my job, so have been unemployed for two months, my finances are not good, my credit rating is really bad (I know ratings are subjective).

As it stand I am behind with some bills including my rent and have run out of money

I know borrowing when I am in my position is madness, but if I can't raise £500 quickly I will be in the position of being kicked out of the home by my wife who has lost her patience with me.

To make it worse I suffer with depression, anxiety and stress and am in a very dark place at the moment.

I have tried asking friends, but no one can either help or guarantor a loan.

I gave tried many loan applications and almost fell foul of a scammed asking fir money up front ' this us how desperate I have be cine, luckily I was able to see through test born, but only just.

I have tried speaking to the landlord, but he is having none of it and I don't know what else to do.

I guess I am stuck, but if ANYONE has any ideas, and kind ones, please let me know.

It is now a long weekend where I am staring all day at my phone looking for some inspiration.

And before anyone asks, yes I am looking for work, but where I am, even temporary work is in short supply. I would work cash in hand even, but there is nothing around.

I am reaching out to the wonderful community here to see if anyone can help or offer some support or suggestions.

Many thanks
David

BrassicWoman

1. have you signed on? housing benefot should be an option if your wife also does not work
2. Have you spoken to shelter?
3. have you asked your food bank where you can get a referal from?
4. what's your wife doing to help?
5. what can you sell?

DCFC79

If you were to get a loan how would you repay it ?

Look at moving to where there is some work, should have done this when you lost your job.

BrassicWoman

Hello David, I have now had a look at your other threads for the history. I'm sorry this has been going on for a while for you.

In November you were receiving housing benefit - are you still? How have arrears arisen? Are you still in your SO house? If it's so then the landlord may get shirty but it's quite the process to get you out, so not totally urgent to resolve.

Are you talking to stepchange about your other debts, as suggested back then? As the house is in your wife's name, and the debts in yours, you could consider bankruptcy.

Also sounds like she is not coping well with your illness. Marriage counselling?

Fireflyaway

Hi David
Things will get better no matter how bad it seems now so try to look ahead, this is just temporary.
Look to see if there is a floating support service where you live. They can assist you by drawing up an action plan of what will help you move forward and ensure you are claiming everything you are entitled to etc. They can often assist with landlords as sometimes if landlords see you have got support, they are more willing to help.
Avoid loans. What will happen next month when you can't pay the rent or the loan? Its just doubling the stress.
Do you have any expenses you can cut back on? Your housing is most important. You can manage utility debt quite easy ( pay back on a plan later / even manage with the lights off if you have to) but not housing. Can you sell anything? Have you looked in shop windows / handed a CV around? I'm looking for work too and its really slow. Not as easy as it once was so you need to be quite proactive. Even offering to cut grass / walk dogs etc could get a bit of income in.
This will pass but do look up your local housing support service for advice and support. You are not alone and they will support you out the other side.

Richey_

David you own your 30% share of your shared ownership home outright with no mortgage which a couple of years ago you estimated to be worth £75k and may well have gone up further.

How can you be thrown out of this home by your wife when you own all of your share of equity as a couple and she owns nothing?

You ask a lot on here about issues with council tax, water, electricity and gas bills. I would be seriously considering if I was you selling up, clearing all debts and renting until such time as the negatives have dropped off of your credit reports and you can use the money left as a deposit for a new home. All of this constant being taken to court over debts must be significantly taking its toll on both of you which to me as an outsider seems mad when you have an option to just clear all of these debts and stop the worry and upset. By renting too expensive items such as a new boiler or new cooker are somebody else's problem. With this level of equity you and your wife, if you sold could even consider a holiday to try to help matters between the two of you.

I am not sure you would have options around insolvency either as you are clearly not insolvent, but choosing not to pay your bills. As you have been told for years now, seek expert advice from somebody like Stepchange, Christians against poverty, citizens advice etc. You would not want to be in a position where one of these creditors petitions you for bankruptcy and force a sale on your house so they can get their money back which you owe them. You have previously claimed that all bills are in your name (which you don't pay) and the house in your wife's name. You later said that actually Council tax and your water bill (10k plus) are in joint names. Your sizeable electricity and gas debts are in your sole name. You need professional advice as in my opinion you bought your housing share that you gifted to your wife and then ran up these debts jointly by using the utilities just in your name. I think there may be a strong argument to a court around deception and beneficial interest as it seems there may be some dishonesty going on here to avoid repaying debts.

maas

Hi Dave, I've read through some of your earlier posts and I am genuinely saddened by your plight.

Put simply, no responsible lender is going to give you a loan in your situation.

Even if you somehow managed to find a lender to give you a £500 loan, they are only going to slap 1000% APR interest on it, which will turn into £1000's of debt overnight. Then you're going to have more people hassling you for the debt.

I would forget the idea of borrowing more and try to raise the funds yourself, either selling stuff or generating income.

As BW posted, is there anything you can sell, any electrical items/gaming consoles etc that you no longer need, which you could put on ebay. Have you got 2 TV's in the house, sell one of them. Maybe go around the house and list every appliance, gadget, toolbox and ask yourself, How much is it worth? When did I last use it? When will I next use it? Do I need it?

Also as Flyaway states, try and get a job. Even if its working unsociable hours cleaning buses in the middle of the night, or a zero hours contract minimum wage job, you'll just have to take it. Its cash coming in, and being out of the house might do you some good.

[Deleted User]

Return what ever you may have brought recently.

I'm not sure what kind of area I'm in really but the Citizen's Advice are absolutely god like round here, drop in appointments readily available in 2 months spent unemployed what is your excuse for not solving this sooner?

David - you don't need a loan - you need to bury that head for a little longer if you can't do the above.
If you think you should have a loan - listen to the employed one when I can easily say mental health was tested when said loan company very nearly finished for the day which would have seen me accrue more interest I'm sure after they didn't get round to debit when they said they would, the only saving grace was that day was payday when I eventually got hold of them and past the on hold music.

Recently took my 2p money jar to Sainsboos - an exchange ticket for £7 odd came out for my pennies.

Tiddlywinks

Deleted%20User wrote: »

...........
.

^^^ do you ever read your comments before posting? They are always jumbled and rarely make sense. I don't say this to be mean, but to let you know how others see it.

Back to the OP..... you have no income so how will you repay IF you did get a loan? Anyway, what legitimate lender would consider lending to someone with no income? The sort that will get nasty very quickly if you don't pay... please don't dig yourself in any deeper.

As others have said, your wife cannot throw you out. Your landlord will also have to jump through many legal hoops before you can be evicted.

Take a breath, go to the CAB or debt charities for advice. In the meantime seek a referral to a food bank.

Don't get into any arguments with your wife - feelings are running high and she is probably just as scared as you are. Tell her you will start to get help with managing the situation as soon as the bank holiday is over.

For quick 'wins' is there anything you could sell? There are local selling groups on Facebook where people come and collect their purchases and pay cash. So no waiting to post etc. Even small things soon add up.

You could also offer your services for a quick garden tidy, some dcorating or run to the dump etc for cash. It's the long weekend where a lot of people are looking to start using their gardens again but are too busy to do it themselves. I've just paid someone £30 for a quick garden rubbish pick-up (two trips). Saved me a lot of effort so I was very glad to pay it.

In the immediate future, as long as you all have shelter, food and clean water then you will get through this. It will get better.

CakeCrusader

David.

I know things are really tough, and you must be at your wits end, but getting a loan with no way of paying it back is really unwise, and you may find it impossible without going to companies who will exploit you.

It would help if you could look into whether you can claim housing and council tax benefit, as well as JSA/ESA until you're back on your feet and you're working. You can check your benefit entitlement here; http://www.moneysavingexpert.com/family/benefits-check Failing this, are you able to look for a job, any job, ASAP? I was so desperate once I walked into a couple of pubs and asked them if they needed staff, and started work in one a couple of days later.

Deva2005

Thanks for your reply, currently we are getting all the benefits we can.
It is really difficult at the moment as my GP has diagnosed acute depression caused by all this, but it has got to the point that if I can't sort something by Tuesday then I will have to find somewhere else to live.
It is my wife's house and she has had enough of me. She told me if I can't support the family and she has to try and sort it herself, then she doesn't need me around.

So you can see how my life is falling apart at the moment and why I am desperate to try and find just £300 to settle the rent. .....