Money's to tight to mention...

[Rubyrose]

But I will mention it anyway! Lol

I am thinking about taking out a loan as I have had a bad few months with pay and this month and next month I have to pay out for something quite big!

I would only gte like �1000 at the most but does anyone think this is a very bad idea and will make all my problems worse or is �1000 not really that bigger deal?

[ummmm]

Can you not try and arrange for �1,000 overdraft?

[Rubyrose]

I have a �500 overdraft but it went up to �1000 and then they said I had to pay it off... so that's what I am doing!

[4getmenot]

its depends entirely on whether you can afford the loan repayments. Speak to your bank and they will help you. They are always fying to lend people money and make some interest. And well done on the header :-)

[Rubyrose]

Well I didn't want to rely on what my bank say as I know they will just try and squeeze more cash out of me! But I guess I will need to chat to them anyway!

I guess I could afford the repayments as it won't be much... but I just hate that I will be paying off for a few years!

[4getmenot]

is there anyway you can save yourself rather than a loan

[stokeace]

try not to have a loan rubyrose see if you can get through this without resorting to that.its a slippery slope im afraid the interest rates of some lenders are horrific.id be asking why the bank wants the overdraft repaying thats quite unusual.good luck.

[bensmum]

If there's any way you can cope with this without another loan try to do it! I'm speaking from experience here and it is all too easy to get into further difficulties. My advice would be to talk to your bank to see if there is anything they can suggest short of a loan

[Rubyrose]

They want it back coz I am only allowed a �500 over draft but I kind of went way over it! So they said I have to pay back �250 this month and �250 next month... now normally that wouldn't be so bad but I was getting a new phone this month and paying for my flights and next month was the last pay day before my holiday so I would have used it for spending money and buying things I need for the holiday! It has just come at a very bad time!

[sense4all]

Check out the rates on this site if you decide go ahead with a loan. Join the forums and ask their advice ...

http://www.moneysavingexpert.com/

[shineybomb]

Can you raise some of the money yourself? Do a car boot sale or flog lots of things you don't want on Ebay. They say the average household has about �3,000 worth of stuff they don't want or need. If I'm a bit skint thats what I do

[Rubyrose]

Funny you should say that coz I was talking to my friend this morning about doing a carboot sale! Don't think I'd get one in for this weekend though.... wouldn't get a table! Might be a better idea though... then I'd have some cash and less sh!t in my room! Lol

[shineybomb]

I did a car boot sale at the weekend and just sold some old clothes, videos, books and records and I made �45 (plus �9 which they charged for the pitch!!) which is good considering everything I sold was �1/�2

Most pitches are about �5 so its worth a try rubyrose. Every little helps! Good luck

[Rubyrose]

There is a new one near us that is 'first come first served' so I don't need to book a table. Might go there at the weekend then.