Is Future Finance worth it?

I'm studying my MA and paying for it through a government loan. I also work part time on a zero hour contract and get about £100 a week, not including holidays.

I desperately want to move out of my family home, but haven't been able to find a better paying job, and would be looking at about £300 a month rent plus bills.

My question is - Is Future Finance worth it? I know I would have to start repaying immediately, but the repayments seem reasonable I'm just wondering what it's like in practice to be paying off a loan like this.

Reply 1

hamzaahmad786

19

Never used the service but you can find some peoples experiences here:

https://uk.trustpilot.com/review/futurefinance.com

http://www.thestudentroom.co.uk/showthread.php?t=3002129

hamza ahmad luton 786 hertfordshire hamzaahmad786

(edited 7 years ago)

Reply 2

Reue

20

Original post by abc:)

I'm studying my MA and paying for it through a government loan. I also work part time on a zero hour contract and get about £100 a week, not including holidays.

I desperately want to move out of my family home, but haven't been able to find a better paying job, and would be looking at about £300 a month rent plus bills.

My question is - Is Future Finance worth it? I know I would have to start repaying immediately, but the repayments seem reasonable I'm just wondering what it's like in practice to be paying off a loan like this.

It's a terrible option. There are other far cheaper methods of raising funds.

http://www.thestudentroom.co.uk/showthread.php?t=3445571
http://www.thestudentroom.co.uk/showthread.php?p=58559877&t=3503289#post58559877

Reply 3

abc:)

OP

22

Original post by Reue

It's a terrible option. There are other far cheaper methods of raising funds.

http://www.thestudentroom.co.uk/showthread.php?t=3445571
http://www.thestudentroom.co.uk/showthread.php?p=58559877&t=3503289#post58559877

Hi thanks for your thoughts and the links to other threads. It is something I am going to avoid doing - desperation makes me really consider it but that's how they get people haha

Reply 4

futurefinance:(

2

No. Not worth it. Avoid Future Finance at all costs. They are liars. They tell you one thing over the phone but it's an entirely different story if you read all of the small print in the contract. Unfortunately I read the contract pretty quickly and didn't see many tiny details that are designed to F*** over desperate students like me. What a load of BS. Avoid this company or regret your decision.

Reply 5

username1539513

21

Original post by Reue

It's a terrible option. There are other far cheaper methods of raising funds.

http://www.thestudentroom.co.uk/showthread.php?t=3445571
http://www.thestudentroom.co.uk/showthread.php?p=58559877&t=3503289#post58559877

Reue; do you have any advice on good alternatives to Future Finance? They look like a bad company and I'm currently working on building my credit rating to be able to get a bank loan for any further potential study but I would prefer the opinions of other students

Reply 6

Reue

20

If you need to build your credit rating in order to obtain a bank account.. why do you think you'd be able to get credit elsewhere?

As always; anything with 0% interest such as bank arranged over-drafts and new signup credit cards.

Reply 7

username1539513

21

Original post by Reue

If you need to build your credit rating in order to obtain a bank account.. why do you think you'd be able to get credit elsewhere?

As always; anything with 0% interest such as bank arranged over-drafts and new signup credit cards.

Huh? No, I already have a bank account; I'm talking about a private bank loan from my bank to cover any tuition fee expenses (e.g: For a postgraduate loan or 3.5k for GEM)

An overdraft wouldn't cover even one year of UG tuition fee

Reply 8

Reue

20

Could you not get a postgrad loan from student finance?

Reply 9

username1539513

21

Original post by Reue

Could you not get a postgrad loan from student finance?

No because I need this for one year of an UG course. I want to repeat my first year at a different university but I know SFE are a bit iffy about ELQ's so it's either private finance (untenable with my current economic situation) or another loan

Is Future Finance worth it?

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