2nd Overdraft Or Quick money

schuey87

Hi there,

I have a student overdraft with natwest that is nearly maxed out at £1400 the maximum amount available for 2nd year. I need a way to raise £250 to pay my rent for this month quickly. If I have a student overdraft will anyone allow me to open up a current account and take out a £250 overdraft straight away? Wht about credit cards, how long does it take between asking for one and being able to use it? I will be able to pay it at the end of next month, I justy don't have the cashflow available this month! I need a solution! Anyone got any ideas? Will the 2nd overdraft or credit card work?

Thanks!!

iNFLUENCE_2

Have you considred calling your landlord and explaining to them the situation and asking if you can pay it a bit late?

Blacksheep1979

iNFLUENCE wrote: »

Have you considred calling your landlord and explaining to them the situation and asking if you can pay it a bit late?

Are you serious? Do you realise the situation that extending credit puts the landlord in?

I'd try for money from parents if possible otherwise maybe another account, but they take a few weeks to come through.

melancholly

car boot sale, ebay, do every available experiment for money in your psychology dept, bar work, temp job (pays weekly)..... erm, that's about all i can think of right now, but could get you close to £250

stephaniek6838

hi, maybe this is bad advice? but if you apply for an egg credit card online, you'l be able to use it in about 1-2weeks??
just make sure you cut the card up after aying rent?!!?
good luck!

tom1189

Give natwest a ring and ask to increase your limit, they do allow further borrowing at 0% but its not guaranteed and needs to be arranged.

iNFLUENCE_2

Blacksheep1979 wrote: »

Are you serious? Do you realise the situation that extending credit puts the landlord in?

What does that matter? Thats up to the landlord

Crispy_Ambulance

Blacksheep1979 wrote: »

Are you serious? Do you realise the situation that extending credit puts the landlord in?

I'd try for money from parents if possible otherwise maybe another account, but they take a few weeks to come through.

Why is asking the landlord if you can pay a bit late, or in weekly instalments such a problem?

It is up to the landlord and it is far better to try to negotiate with them than to take on more debt for what is essentially a cash flow problem.

Blacksheep1979

Ok my advice to the landlord would be don't do it ask it can put them on shakey ground so my advice to the op would be don't even bother asking as any proffesional landlord will say no.

FreheitOverture

tom1189 wrote: »

Give natwest a ring and ask to increase your limit, they do allow further borrowing at 0% but its not guaranteed and needs to be arranged.

The maximum for 2nd year uni students is £1400. I've already tried this and been told it is not possible

iNFLUENCE_2

Blacksheep1979 wrote: »

Ok my advice to the landlord would be don't do it ask it can put them on shakey ground so my advice to the op would be don't even bother asking as any proffesional landlord will say no.

Sorry I think your advice is poor here. Considering you had the balls to suggest my advice in asking was so poor I must be "joking."

A lot of student landlords (certainly at my University) actually only have 1 or maybe 2 homes and may well agree to allow someone to pay late.

If professional Landlords will just say no theres no harm in asking is there? Some of the nicer ones might actually even offer a settlement plan, or at least say "well you can pay late, but im going to have to charge you an extra £30 for paying late as per tenancy agreement." In actual fact I reckon he'd have more chance of getting a Landlord to say yes than a bank, expecially if he's at the limit of overdraft for the current university year. Having said that Im not suggesting he shouldnt ask, the worst that the bank can do is say no.

So my advice still stands to the OP, it can really do no harm to lay out your circumstances to your landlord and ask them if you can pay late, or pay some now and some later, so long as your ready and accept a no if thats what they say.