Small pay day loan?

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david395

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Post by david395 » Sat Sep 19, 2020 7:12 pm
Am i able to take a small payday loan to use to give towards school cost for my son?

Foggy

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Post by Foggy » Sat Sep 19, 2020 7:48 pm
You need permission from your IP to get any credit over £500, assuming you have the usual clauses. This £500 is often quietly taken up by gas and electricity credit accounts and pay monthly car insurance. In any event, reputable lenders would refuse as you will fail any credit check. Those that don't turn you down will be asking eye watering rates and might break bones if you default !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

kallis3

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Post by kallis3 » Sun Sep 20, 2020 7:01 am
Is there anyway you can save some of your allowances to fund this?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

Foggy

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Post by Foggy » Sun Sep 20, 2020 9:28 am
You could ask your IP if they would agree to a short payment break to allow the school purchase --- this will be added back on at the end of the IVA.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
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