Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • WMcCracken
    • By WMcCracken 7th Aug 18, 11:36 AM
    • 2Posts
    • 0Thanks
    WMcCracken
    Please advise
    • #1
    • 7th Aug 18, 11:36 AM
    Please advise 7th Aug 18 at 11:36 AM
    Hi, I am starting a new job on 3rd Sept. and am looking for appr. 3000 GBP to bridge the gap till my first pay-day.
    Have worked abroad for several years, came back April last year so no credit history; do not have any debts or utility bills/contracts (phone etc.)
    Please advise best way forward: short term loan/credit card????
Page 1
    • zx81
    • By zx81 7th Aug 18, 11:38 AM
    • 19,651 Posts
    • 21,036 Thanks
    zx81
    • #2
    • 7th Aug 18, 11:38 AM
    • #2
    • 7th Aug 18, 11:38 AM
    Do you have an income at all at the moment?

    If not, you need to look at non credit solutions.
    • foxy-stoat
    • By foxy-stoat 7th Aug 18, 11:43 AM
    • 3,215 Posts
    • 1,815 Thanks
    foxy-stoat
    • #3
    • 7th Aug 18, 11:43 AM
    • #3
    • 7th Aug 18, 11:43 AM
    You wont get a loan with no income - doubtful you will get a credit card either.

    How have you been surviving the last 4 months since you landed in the UK?

    Part time job would be my first choice to bridge the gap until 3rd September.
    • Willing2Learn
    • By Willing2Learn 7th Aug 18, 11:44 AM
    • 1,830 Posts
    • 1,412 Thanks
    Willing2Learn
    • #4
    • 7th Aug 18, 11:44 AM
    • #4
    • 7th Aug 18, 11:44 AM
    You may just be able to get a sub-prime card for people with little credit history. But it will probably have a limit of 500 or less. You won't be eligible for a loan except maybe a payday loan which is 1291% APR interest.

    Edit: Welcome to the forum WMcCracken!!
    Last edited by Willing2Learn; 07-08-2018 at 11:46 AM.
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    • Boki
    • By Boki 7th Aug 18, 12:26 PM
    • 1 Posts
    • 1 Thanks
    Boki
    • #5
    • 7th Aug 18, 12:26 PM
    • #5
    • 7th Aug 18, 12:26 PM
    Both of the options are very expensive due to high interest. You will most likely first need to get a job to be able to use the more viable, cheaper, options.
    • Niv
    • By Niv 7th Aug 18, 12:39 PM
    • 1,704 Posts
    • 1,526 Thanks
    Niv
    • #6
    • 7th Aug 18, 12:39 PM
    • #6
    • 7th Aug 18, 12:39 PM
    What about working for an agency that pays weekly for a few weeks?
    YNWA

    Target: Mortgage free by 58.
    • lindens
    • By lindens 7th Aug 18, 12:42 PM
    • 2,235 Posts
    • 7,098 Thanks
    lindens
    • #7
    • 7th Aug 18, 12:42 PM
    • #7
    • 7th Aug 18, 12:42 PM
    Will your employer loan you based upon your next wages? some will do this
    You're not your * could have not of * Debt not dept *
    • Tarambor
    • By Tarambor 7th Aug 18, 2:31 PM
    • 3,954 Posts
    • 2,987 Thanks
    Tarambor
    • #8
    • 7th Aug 18, 2:31 PM
    • #8
    • 7th Aug 18, 2:31 PM
    I agree with the agency option. Tons of work around at the moment especially in warehousing and factory work.
    • Craig1981
    • By Craig1981 7th Aug 18, 3:54 PM
    • 559 Posts
    • 274 Thanks
    Craig1981
    • #9
    • 7th Aug 18, 3:54 PM
    • #9
    • 7th Aug 18, 3:54 PM
    if you've been back in the UK for 18 months, what have you been living off since then? and why 3k for next 8 weeks (assuming you get paid end of September)
    what would the loan be for?
    • DCFC79
    • By DCFC79 7th Aug 18, 3:58 PM
    • 33,128 Posts
    • 20,864 Thanks
    DCFC79
    3k is ambitious when you don't have a job.
    • Smellyonion
    • By Smellyonion 7th Aug 18, 4:05 PM
    • 136 Posts
    • 86 Thanks
    Smellyonion
    Morality aside. If you have no income, no savings, no assets go to the job centre. at least you will received something.
    • Willing2Learn
    • By Willing2Learn 7th Aug 18, 4:18 PM
    • 1,830 Posts
    • 1,412 Thanks
    Willing2Learn
    I think Universal Credit pays six weeks in arrears...which takes us to September before any money is received!!!
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    • Craig1981
    • By Craig1981 8th Aug 18, 5:38 AM
    • 559 Posts
    • 274 Thanks
    Craig1981
    I think Universal Credit pays six weeks in arrears...which takes us to September before any money is received!!!
    Originally posted by Willing2Learn
    used to be about 4 weeks, and 1st week you receive nothing - this has changed now that 1st week you will receive, but will depend on area and backlog, but should be paid within 1st month of application (again, this is guidelines from DWP, so 6 weeks is probably correct in what you said!!! )
    • WMcCracken
    • By WMcCracken 10th Aug 18, 12:55 PM
    • 2 Posts
    • 0 Thanks
    WMcCracken
    Lived on savings; 3000 pounds would be for travel/accommodation/expenses + some extra for emergencies. New job is 300 miles away.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,907Posts Today

7,492Users online

Martin's Twitter
  • Today's Twitter poll: On Brexit, which is more important to you right now certainty or outcome. Ie would you prefe? https://t.co/En38QfRh3o

  • Many saying sexism or ego. My suspicion as someone who works in TV is that this is a format point. I'd think whe? https://t.co/AXfrv5YqKA

  • I do always ponder when watching apprentice why Lord Sugar is "Lord Sugar" but Baroness Bradey is Karen. #bbctheapprentice

  • Follow Martin