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Cash poor, asset rich and in need of short term finance of around £5k
texaskersh
Posts: 1 Newbie
in Loans
Hi all
I wondered if anybody can give me a bit of advice. Because of Covid I have basically run out of cash before my house was sold. I have now exchanged contracts but the bank are not prepared to offer me an overdraft. There is several hundred thousand of equity in the house and I just need a short term loan to get me over the next few weeks until completion.
Any ideas gratefully received.
Thanks
Paul
I wondered if anybody can give me a bit of advice. Because of Covid I have basically run out of cash before my house was sold. I have now exchanged contracts but the bank are not prepared to offer me an overdraft. There is several hundred thousand of equity in the house and I just need a short term loan to get me over the next few weeks until completion.
Any ideas gratefully received.
Thanks
Paul
0
Comments
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Perhaps use a search engine to look at short term lending ?If you have a bad credit record you may struggle.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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schools out for summer (a good song)1
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A very good song.onlyfoolsandparking said:schools out for summer (a good song)2 -
Presumably you are referring to "School's Out".DCFC79 said:
A very good song.onlyfoolsandparking said:schools out for summer (a good song)
"A very good song", is that the original Alice Cooper version or the Daphne and Celeste cover?1 -
Has to be Alice Cooper, no substitute 😊I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter4
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Absolutely agree @sourcrates 😊1
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