£350 Accomodation Deposit

Hello,

My university has allocated me my Accomodation but now I need to pay a £350 deposit in 14 days or I could lose it.

Any ideas?

Reply 1

JubilationXXV

Use your overdraft if you have a job? That way you wouldn't have to pay back any interest

Reply 2

doodle_333

your bank probably won't give you a student overdraft until you're registered at your university (I don't think anyway...), if you don't have a job or any means to make the money (e.g. selling things) then you will have to ask if any members of your family could lend it to you

Reply 3

999tigger

Family or sell stuff or ask bank to give you a small overdraft if you dont have one. Credit card if pushed.

Reply 4

similarBlank

Don't have any family with money, can't get student bank account until July, could sell stuff but it'd take more than 14 days to make £350 and don't have a job. :tongue:

Reply 5

eden3

Man that sucks.... Try e-mailing/calling your uni to explain your situation (I'm assuming your birthday is in July?)

Reply 6

similarBlank

Original post by eden3

(I'm assuming your birthday is in July?)

Nah, but I tried to make a student bank account a couple of months ago for this but they said they can't do them until 1st July, so they just gave me an ordinary current account. Not sure if it has an overdraft or something though.

Reply 7

eden3

Original post by similarBlank

Yeah definitely contact your bank and explain your situation if necessary.

Reply 8

SophieSmall

Yeah. I was in this position when I was in my first year of university. Was too early in the year to have a student account with an overdraft and was not given enough time to get the deposit in to get a job and earn the money myself. My mum is skint so she couldn't help. I was really lucky in that my brother was able to spare the money for the deposit for me.

Have you talked to the accommodation providers about your situation? Some are more understanding and helpful than others and may allow you to make a small payment such as £50 until you get your overdraft. You could also try contacting the university and asking for assistance, some are more helpful than others and may "loan" you the money.

Other than that with that amount of notice and no help possible from family you're pretty much out of luck and may have to wait until you can earn the money or until you have an overdraft to arrange your accommodation and hope there is space left.

Reply 9

stevey396

Easy. Drop out, get a job, and apply again next year.

Reply 10

loveleest

Omg, I have to do the same :frown:

But mine is £250. I need to pay by July

Reply 11

similarBlank

Original post by SophieSmall

Yeah, I'll have to contact them about it and see if we can arrange something.

Original post by stevey396

Easy. Drop out, get a job, and apply again next year.

I didn't get this far just to drop out now because of £350. :tongue:

Original post by loveleest

Omg, I have to do the same :frown:

But mine is £250. I need to pay by July

Sounds slightly better than my situation, lucky. :wink:

Reply 12

kendall2

If you knew you were going to university, why didn't you start saving up some money beforehand? Most people have to pay deposits before a loan/student account can be obtained.

Reply 13

similarBlank

Original post by kendall2

If you knew you were going to university, why didn't you start saving up some money beforehand? Most people have to pay deposits before a loan/student account can be obtained.

It's hard to save when you don't have any money coming in to save. The little we do get covers our essentials. You could say 'well, you could've got a job'. Well, I did try to get one and was, obviously, not successful.