The Student Room Group

I need a loan

Basically I am 17 and really struggling i live with my boyfriend in his house and we have ran out of money payday is not till the end of the month can anyone help me with trying to get a loan or ?
Honestly, struggling is better than taking a loan. What will you do when you're in the same position as you are now, and you have to repay £400 on a £250 loan?

First see what you can cut back on, if there's anything you can sell, if you can take more hours at work, or if you can borrow money off friends and family. A loan shouldn't be used in an "I've only got £20 to last me the rest of the week" situation. It should be used in a "the house will literally get repossessed and I will literally be made homeless by the end of the week if I don't take a loan" situation.

Also, and only take this advice if you know you can definitely make all the payments in full and on time, maybe apply for a credit card? That way you can buy things and won't have to pay for them until you get paid.
(edited 5 years ago)

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