Student going into grad role but can't pay rent

Student2017

Hi,

Any help would be fantastic. Basically i am graduating uni in two weeks, i am heavily in my overdraft and have arounf £100 available to spend. I owe my landlord £800 in rent, and I don't really know what to do.

I am joining a supermarket grad scheme and will be earning £40,000 in August so future money isn't a problem but I cant get the money now.
Some pre requisites - cant ask parent for money, have already taken a loan of £250 from future finance and cant seem to get a credit card (rej by Sainsbury and Tesco) but that may be because I didn't say I'm getting the future cash from my job? I applied online.

Reason I have no cash is down to helping out the fam/not earning enough whilst at uni.

Any help would be greatly appreciated. Thank you

[Deleted User]

As it's a specific grad role, can you ask for support/advance from your future employer, under the guise of relocation costs?

You won't be able to get mainstream credit without an income. Are you currently working?

ssparks2003

It is the begining of June, you don't start your grad scheme till some time in August (I guess you might get some pay in August) what about perhaps getting a job? temp or seasonal work; that is the normally accepted route to getting money. cafes, shops, bars, supermarkets, temping agencey?

Ebe_Scrooge

Student2017 wrote: »

cant seem to get a credit card (rej by Sainsbury and Tesco) but that may be because I didn't say I'm getting the future cash from my job? In the eyes of a lender, the job is not guaranteed - as far as they're concerned, you have no income - which, indeed, you don't at the moment.

Reason I have no cash is down to helping out the fam - Can the family not help you now, in that case ?

Any help would be greatly appreciated. Thank you

Aside from my comments in bold above, can you have a discussion with the landlord and see if he would be prepared to give you a couple of months' grace - you could even offer to pay a modest/resonable amount of interest on top ? just a thought.

National_Debtline

Hi Student2017 and welcome to MSE,


I would suggest you do several things. Firstly, if you have a letter of confirmation about your new job and salary, take a copy of this and write to your landlord. Ask for their understanding and make it clear that whilst you are currently going through a rough spot, you will be able to clear the arrears soon. If you are staying in this property you will need to pay the on-going rent plus extra for the arrears. If you are leaving then the money owed would become a non priority and you will pay it at a rate you can afford based on your SOA.

Secondly, August is a long time away with no money to get by at all. You should look for temporary/ part time work to get by - do not rely on credit/ overdrafts - or even look at potential benefit claims. There are lots of websites you can use to assess yourself for benefits, this is just one of them www.turn2us.org.uk


Be careful about using your overdraft. If it is a student overdraft you need to be mindful how long it will be interest free or when it may be called in. If it is a standard bank account then the bank can recall the full overdraft with little notice so it is not worth relying on credit.


Laura
@natdebtline

Student2017

thank you for these replies, I think I'm going to ask if I have can have the grace period, if that fails I'll come back to this so thank you. In regards to getting a job, I would do this, however they said it needed to be paid by the 10th - if I get the grace period I can get one. If they say no to this is there any other option? (family can't help out, they have no disposable income)

Student2017

Thank you Laura, I will do that,

Much appreciated

Pixie5740

What kind of tenancy do you have? Is it solely in your name or joint with others? Is there a guarantor or guarantors?

National_Debtline

Hello again,


If you rent privately, then your landlord would need to give you 2 months notice to leave, even if your tenancy has expired. This is known as a Section 21 notice. Some landlords issue this at the start of the tenancy so that as soon as the tenancy expires you can be asked to leave but if this hasn't happened then the 2 months notice is the first step. This is obviously not ideal, but does give you a bit more time.

If you don't leave by the end of this notice the landlord will need to go to court for an eviction warrant. These costs will eventually be passed on to you, but if you are leaving the money owed will become a non priority debt. Can you clarify if you plan to leave/ stay in this accommodation now your course has finished? (It may help other posters help you further).


Laura
@natdebtline