How can I make £1000 quickly?

[QuestionableMouse]

Not a begging thread! Even if people offered money I wouldn't take it!

My car caught fire driving home from work last night. The engine is fucked and it'll never run again. I'll get probably £3-400 scrap value for it so that's a start. Realistically looking at about £1000 for a new car - I can't get to work without one (genuinely - the closest public transport stops miles away and due to the condition of the lanes it's not safe to walk the rest of the way!)

I'm sorting some stuff out to go on vinted which might get me another £50 or so. And some models/pocket dragons that will get about the same.

A loan or a credit card isn't an option - I'm already struggling monthly without adding another payment!

Was it not insured?

@Watchkeys agree with that and if you need to, of course you speak to them but my example, if you'd call it that, is not about delaying the bills. Im just stating that you can't spend that money because you have it now and still be able to pay your bills if that money isn't spare.

Also your utility bills alone aren't £1k. You'd have to move all of your bills including rent and mortgage. I believe mortgage is easy enough but imagine a LL would be handing you a section 21 while they still can.

If you can spend the money on a car and still make bills correctly because the money has been replaced in the meantime then that money was, by definition, spare money.

I hope that makes sense. But yes, I'm in complete agreement with what you say about delaying utilities. This is just separate to that.

I passed my bike test in the 1990s, I know it is not the same.

This. Our ancient car gave up the ghost but we were able to make a good few hundred by selling parts separately on eBay.

Could you offer dog walking or sitting in your area?

Do you have a mortgage? Can you ask for a mortgage payment holiday without it affecting your credit rating?

She could, but as people have said multiple times already, it's not the quick way to make money people seem to think it is.

@Peacheroo

OP is asking how she can get her hands on money fast. Delaying utility bill payments is one way of doing that. I'm sure she's aware that she will have to come up with the money for the utilities eventually, but this can be split over months/years, into payment plans etc, so she will likely never have to come up with a lump sum, and everything can be calculated around what she actually has.

@QuestionableMouse Are you paying anything towards debts? If you're paying more than £1 per month, you can cut that to £1 a month, right now.
https://www.stepchange.org/how-we-help/token-payment-plan.aspx

You just have to let creditors know how much money you have coming in, and what goes out. If it doesn't leave much left over after essentials (including socialising/hobbies) they'll offer you a £1 per month repayment, and they'll want to check back with you in 6 months to see if things have improved. It can take the pressure right off.

Agreed but that wasn't mine or PPs point. PP thinks she can do both. I don't.

if you start a gofund me i would chip in x

@Peacheroo

Which 'both' do you mean? Not sure what you're arguing against. The idea is you pay later, in a manageable way. The PP was arguing that it would give OP longer than a week to work out how to get more money coming in. It's a helpful solution.

I really think you’re not understanding how bank switches work.

You don’t need to KEEP £1,250 balance in the bank account for the Nationwide switch offer.

To get £200 from Nationwide you must switch your bank account to them via the switching service, with at least 2 direct debits set to pay out. The £1,250 will include your current bank balance, and any money that gets paid to you. Most working people will manage this easily.

You have £1500 in the bank for bills. You can’t buy a car because you need the money for bills. Correct.

But you can move your bank account and they will guarantee the bills are paid out. It’s part of the switching service.

Then you get £200 towards your savings for a new car.

I’m not sure why you’re so insistent this isn’t possible when it’s literally the whole process that loads of people do regularly. There is a guaranteed process - CASS - which fixes it all automatically with no input from you other than making the application. Look it up.

Both = pay for the car with £1k and pay the bills.

PP is saying OP can use her salary to pay for the car and then the next salary to pay for the bills. PP has not mentioned delaying the bills as you have. My viewpoint is that if she uses her salary to pay £1k for the car, some or all bills will have to be missed because bills and salary happen at the same ratio. The £1k is not spare and cannot be replaced in time before the original bills are generated/due. Having the £1k a week before the bills are due simply means you have a further week to replace the £1k but the £1k cannot be replaced in a week because it was not spare.

I'd hope if you read both our comments it would make sense. Also hoping it makes more sense after reading that. I've tried to say it a thousand ways to make sense to PP so possibly it's me but it makes sense to me. OP cannot pull £1k out of her arse to pay for the car without her bills being delayed as PP suggests.

So yeah - delaying paying this month’s bills is an option. But it’s only kicking the can down the road on extra debt to be paid back (just this time to utilities etc) and OP is trying to avoid accruing debt if possible.

Bank switching is an option, and it’s a free £200, but £800 still to find. That’s about the sum of the argument?

Setting up a new bank account and transferring all that money and getting the £250 takes more than 5 working days. It’s not instant.

I am not insistent it won’t work to her £250 at some point. I’m insistent it won’t work to get her the money within a week which is when she’s stated she needs it.

The £1k is not spare and cannot be replaced in time before the original bills are generated/due

When do you think they're due, @Peacheroo ? The loss of £1000 can be paid back at £1 per month until OP does have 'spare' money, or over the next 83 years, if she doesn't have 'spare' money. Raising £1000 over 83 years is much easier than raising £1000 in a week. Your argument is based on the fact that the utilities companies are going to do what, if OP tells them she's struggling and can't pay in full right now?

OK, well to begin with your objection was she didn’t have £1,250 and you gave me a 🙄for good measure, so I tried to explain the process, then you said it still wouldn’t work because she still didn’t have the money so I tried again and now your objection is that it’s not instant… No, it’s not instant and no, it doesn’t solve the whole problem as it’s only £200. But it was just a suggestion and you’ve spent a fair bit of time saying it’s useless advice whilst offering what alternative advice? I may have missed it. I’m glad you agree it will work for an extra £200 at some point fairly quickly and I hope OP gets sorted and I’m slinking off elsewhere now. Merry Christmas!

1. I'm going to guess theyre due within a month.

1. Your point about the utility companies not demanding the money(which is a great point that I agree with and understand they won't do) is not relevant to my point that the bills and salary are on the same ratio so cannot cover a random £1k in the middle. (Which pp says it can because it gives an extra week - if no additional money is coming within that week it makes no difference)

For example
Bills
Salary
Bills
Salary.
All good in an infinite cycle for the rest of time.

Or
Bills
Salary
Random £1k
Failed bills
Salary
Bills
Salary

I don’t believe she does, because as already stated if she had that money she could get the car and spend longer getting together the money for bills. She could also contact utility companies and request a change in payment plan etc.

Obv I attempted a 1. 2. But the app does what it wants

I really am slinking off after this but @AnneValentine you might have been better asking the OP if she has money in her bank account for bills that she could redirect to the car, and offering that advice, rather than assuming she’s totally brassic with 10p to her name such that she cannot possibly take advantage of a bank switching offer abd bring a bit patronising towards my suggestion, offered in good faith. You’ve made a lot of arguments on your ‘belief’ that I don’t see supported in the OP’s posts. But hey ho.

@Peacheroo

The bills and salary are not due on the same ratio. The salary is paid once per month. The bills can be paid £1 per month over the next 80 years. Which bit are you struggling with? What do you think the utilities companies will do to OP if she tells them, and proves to them with an income and expenditure sheet, that she can't afford to pay her bills? Cut her off? Send bailiffs? CCJ?

What is the actual problem, in your eyes, in splitting an amount to pay back over 80 years to save your job, as compared to losing your job in order to pay your bills on the schedule that EDF decided you should?

What like your belief that someone has £1250 just sitting in their bank account 😂