Financially responsible, but I need £750 quick! Advice?
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No ones being obnoxious.
It’s called living in the real world not a bubble where you can go back to someone and say “but so and so on the MSE forum said it’s ok”.
You need to look at your outgoings. On those salaries quoted you could have EASILY saved a 4 or even 5 digit sum of money by now.
So clearly you’re not as financially responsible as you think you are.
I disagree with you here - I don't think on that salary you could save whilst living and training in London.
The thing that really grinds my gears - the reason the OP can't get credit is they have a long-standing default on their file. Had this been checked at ANY point, since 'Uni days' this whole situation could have been avoided as it's very easy to get a grand or so overdraft on those wages IF you have no bad markers. Hell, I have £1,750 in overdrafts, and I'm on benefits!
This is someone who clearly hasn't paid attention to their finances.0 -
Gary - OP hasn't been frittering money away though, they've made a not unreasonable choice to invest it in their future. I personally would have slowed down a wee bit and/or worked on my credit rating to avoid this sort of thing but that doesn't mean the OP's choice is not responsible. I presume they could just take the exam in the next round if they had to so it isn't like they're unable to pay a debt they owe on time. If you rent and don't run a car you're much less likely to have an unexpected bill to pay so don't need as much in savings to be "responsible".
OP, I'd get the credit card anyway, and use it a bit then pay off in full every month. Having a good credit rating makes life so much easier! But obviously that's a longer term goal
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Credit history.
Not rating or score. Since neither exist.
Withdrawing cash from the card isn’t advisable either.0 -
Thanks for the further replies.
Re. The landlord, I expect he's good with this as he's actually previously offered this arrangement as well as letting my partner and I pay rent late if we ever needed it (which we never have), but yes perhaps I will text him tomorrow just to confirm the offer remains.0 -
I see everybody’s point - but you didn’t ask that. I don’t know what utopian world everybody on here seems to live in with these huge emergency funds and god knows what else... it’s taken me a good 3 years to get to that point (although I’m sure most on here still would say I don’t have enough) so if I’d have been in your situation 2 years ago I’d have been screwed too. In my head, the most obvious solution is ask your work for an advance - on the ground that you’re doing it to potentially benefit them in the future/be the best employee/bla bla get your sales hat on! I’d also have an apt booked with the bank, sit and explain your situation to them and see what they say!0
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I don't usually frequent this board but, wow, a couple of posters on here need to get over themselves.
OP, in the short time scales your only real option is a family member / friend, your existing financial accounts, or a CC.
I have in the past used my CC to pay an amount for a relative, and they then paid it back. Is that an option, can someone use an existing CC to pay the bill on your behalf? Can the bill be paid by CC?
Come on, the only one who needs to get over themselves is the OP.
All they had to say was due to the cost of living in London & not earning that much they havent been able to save & needed a short term loan. But instead we got this big essay on how successful they are and financially responsible etc, which actually turns out not to be true. The OP to me seems a bit of a fantasist.
And now we find out they have a partner so possibly 2nd income? Another detail left out.
It does work both ways, post an arrogant thread saying how great you are, expect a bit of scrutiny. And thats all thats happened.0 -
I see everybody’s point - but you didn’t ask that. I don’t know what utopian world everybody on here seems to live in with these huge emergency funds and god knows what else... it’s taken me a good 3 years to get to that point (although I’m sure most on here still would say I don’t have enough) so if I’d have been in your situation 2 years ago I’d have been screwed too. In my head, the most obvious solution is ask your work for an advance - on the ground that you’re doing it to potentially benefit them in the future/be the best employee/bla bla get your sales hat on! I’d also have an apt booked with the bank, sit and explain your situation to them and see what they say!
Dont think anyone has mentioned 'huge' emergency funds but when you're successful & financially responsible like the OP, putting around £100 a month away shouldnt be overally difficult. The OP is more of a gambler really & taking the gamble in not saving anything has come back to bite them a little bit.0 -
I don’t know what utopian world everybody on here seems to live in with these huge emergency funds and god knows what else...
Same world as you. It's not Utopia, that's why we have the funds.
If this post said 'Bad credit history due to defaults, can't get most credit, no savings, tiny overdraft, living month-to-month' - a different spin on the same situation, no-one would have given the OP a hard time. I tried to be nice whilst still doubting the OP and was constantly ignored, maybe because having just £300 of available overdraft doesn't correlate with the 'I'm a success and responsible!' story the OP was spinning.
And OP, if you're still reading this, please do sort out your problem with Virgin - demand proof of debt, if they come back with it, pay up and realise you made a mistake in your Uni days, if they don't have it challenge them and ask for the mark on your credit file to be removed. If you just pay it off, it'll stay on your history and you'll struggle to get credit for a long time. Even if that is the case, lenders will look at you more favorably once it's paid off. Sign up for the MSE credit club, Clearscore and Noddle and check them for errors before applying for credit.0 -
Deleted_User wrote: »Do not use a payday loan. Let's elaborate on that.
NEVER use a payday loan.
Consider credit cards, borrowing from friends, ask for an advance from work, postdate a cheque, sell a kidney. But not a PDL.
I disagree. If (and it may be a big if) the OP has the discipline to pay back the loan after a very short time then a PDL may be a viable option, and potentially cheaper than some other options such as overdraft while being available almost immediately.0 -
Not one of the numbers I have posted in this thread has been "disproved" (and couldn't be), nor has any of the other information been revealed as untrue or half true. I am exactly as I have presented myself throughout this thread. In 2 years I've increased my income from £17k to £31k while gaining additional qualifications and paying every bill, and I have done so rather than accrue savings and while unknowingly having one bad entry on my credit record. All of that information was within the first two posts. This is now the 40th post in this thread and all you have revealed in terms of additional info is that I also have a currently unused entry level overdraft which I have factored into my budget, and that I am fortunate enough to have found love. Where's the round of applause emoji?
Your whole issue is that I sounded too happy with myself in my first post. On a forum for people who may be in vulnerable and challenging situations, you choose to police posters' positive self-esteem rather than dispense useful advice straight away. To me that is incomprehensible.with Virgin - demand proof of debt, if they come back with it, pay up and realise you made a mistake in your Uni days, if they don't have it challenge them and ask for the mark on your credit file to be removed. If you just pay it off, it'll stay on your history and you'll struggle to get credit for a long time. Even if that is the case, lenders will look at you more favorably once it's paid off. Sign up for the MSE credit club, Clearscore and Noddle and check them for errors before applying for credit.
This is very helpful, will take this advice. Thank you.0
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