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Redundancy / Relocation - Financial Help

Dear All, 
It is my first time posting here so hope you guys can help as the financial world is a confusing one.
I lost my job last year due to the Covid-2019. Previously, I have been in full time employment for over ten years and always been financially secure so my credit score was great and I never had any problems with getting credit or anything. I managed to get work waitressing in a pub but of course was furloughed from that too! As you can imagine my credit score has taken a battering. My savings aside from a LISA have gone. 
I have been job hunting for 10 months and this week finally secured employment with a decent salary however, I could do with a little credit to help with relocation cost and to pay off a loan that I took out when I was living with the BF and therefore had lower living costs. Sadly as my score has dropped and my income hasn't been great in the last few months, I can't get a good interest rate from my bank nor will I be eligible for a longer term 0% credit card. 
Does anyone have any suggestions for what I could do? I can see loans available from the likes of Better Borrow but as I have never heard of them, I'm dubious. Perhaps I should I get the 0% 4 month credit card to build my credit score and hope I can get better rates at the end of the 4 months? 
Any advice would be greatly received! 
Thank you!!!

Comments

  • Sorry, I should probably say that there is only £1,500 left on the current loan but the monthly repayments are quite high and I would rather not have the pressure of high repayment costs when I'm relocating to a more expensive area to live etc. 
  • macman
    macman Posts: 53,128 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Forget worrying about your credit score. It's a fictitious number that lenders do not even see. What lenders look at is your credit history, and unless you have defaults or late payments showing, your credit-worthiness will be based on your existing debt and your ability to service that and any additional borrowing.
    No free lunch, and no free laptop ;)
  • macman said:
    Forget worrying about your credit score. It's a fictitious number that lenders do not even see. What lenders look at is your credit history, and unless you have defaults or late payments showing, your credit-worthiness will be based on your existing debt and your ability to service that and any additional borrowing.
    Thank you. I wonder why the credit available to me has suddenly taken a turn for the worst. I haven't defaulted on any payments but maybe it's the significantly lower income in the last few months that has been the problem. Thank you for the note re credit score!
  • Herzlos
    Herzlos Posts: 15,395 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You might be better just putting up with the higher rate for now and refinance it once you've settled into the new job. It may be easier for you to just borrow enough to do the relocation. How far are you moving?
  • Herzlos said:
    You might be better just putting up with the higher rate for now and refinance it once you've settled into the new job. It may be easier for you to just borrow enough to do the relocation. How far are you moving?
    Thank you! About 250 miles!
  • maxsteam
    maxsteam Posts: 718 Forumite
    500 Posts First Anniversary Name Dropper Photogenic
    It's a fact of life that it's easier to get work in areas where living costs are higher. My advice would be to talk to friends to see if there's a sofa that you can sleep on until the first salary. Some larger employers offer relocation packages while some smaller employers might advance some salary.

    While I wish you success, if you cannot find a way to afford the move, you cannot afford the move.
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