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How do I get a loan when I'm not employed? Or a credit card?

57 replies

TrinityRhino · 20/08/2013 18:14

Please help me
I need to get hold of some money quickly
Is it at all possible?

OP posts:
Badvoc · 23/08/2013 10:01

I do wonder if declaring bankruptcy would be your best solution trin.
I know that sounds terrible, but my aunt did it and has never looked back. Like you she was bereaved and due to that and lack of financial savvy she was left with no other option really.
She was mortified, but a few years down the line is doing fine. Money is tight, dint get me wring, but she has no debts, and no creditors sending letters or phoning.
I do hope you have contacted either CCCS or the cab.
Christians against poverty (cap) are also very good and will come to your house if needed x (just ignore the Jesus stuff if you want!)

lougle · 23/08/2013 14:43

We have never looked back, either, Badvoc. It isn't to say it's a good solution. I still feel guilt that we didn't manage to meet our commitments and I'm not able to 'celebrate' being debt free as freely as if we had achieved it by paying our debts to their conclusion. But I am proud that we took a difficult situation, made a hard decision and made a fresh start. I'm proud that 7 years on we are still debt free and, crucially, our attitude to money is never to take it lightly.

Practically speaking, though:

Trinity will also have to take very good advice before filing bankruptcy if she has a mortgage. Any equity in the property would be expected to be released. In essence, if Trinity has £15k equity, then going bankrupt would simply mean that she sells the house, loses £10k in fees, gives the £5k to the Official Receiver, has a massive restriction for 12 months and has a terrible credit score for 6 years. It would only be practical if she is in negative equity.

The headstone - it won't help to file bankruptcy if, for example, the headstone bill has to be paid before the headstone is supplied. The only way bankruptcy would help is if the headstone is already in place and you have a bill to pay.

The Council Tax is a biggie - that would be written off, but you'd have to budget to make sure you could pay council tax from the date of bankruptcy.

The Vet bill isn't worth filing for - it's an unsecured debt and whilst it sucks, the worst that will happen is being chased for payment. It would be better to actually talk to the vet and ask for a plan.

The Garage bill - see the Vet. They won't be happy, but what can they actually do?

Mortgage - well the mortgage company may go for repossession.

The friend wouldn't see a penny under Bankruptcy and you'd be barred from trying to pay him/her back even after the discharge. It would actually be breaking the law and there are quite stiff penalties.

JakeBullet · 23/08/2013 14:49

Hi Trinity, haven't read all through the thread but so sorry you are having a crap time with financial stuff.

Have you tried applying for a Budgeting Loan....apologies if this has already been suggested and you have answered?

CAB can also help, I think they can get access to preloaded cards to buy food if you need it and will be able to help you with the other stuff too.

The other suggestions I have seen on this thread are also vey good.

LegoAcupuncture · 23/08/2013 14:56

Sorry you're having money worries again Trin.

Bad co and Lougle have offered great advice. Please don't borrow money as you'll be paying it off for years to come.

HappyMummyOfOne · 24/08/2013 10:31

Charlottehere, Trinity has had several "fundraisers" on MN over the years and telling people they should give is plain rude.

She needs to nip it in the bud now as she has children to support. Speak to the creditors and set up payment plans whilst you find work. Am sure from past posts your children all go to school so hats thirty hours you dont need childcare for. Vets bills you need to have savings for or insurance as owning a pet is an expensive thing to have.

lougle · 24/08/2013 13:51

Dog Aid Society of Scotland - Vetinary Aid Application Form

This is an application form to have your vet bill paid by the Dog Aid Society. You must be on benefits, but I presume you are if you have no job?

Charlottehere · 24/08/2013 20:43

Slap wrist for me. must avoid posting while drinking wine

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