In Big trouble regarding money

qwertplaywert

So gonna try keep this to the point.

Im 24 year old lad, live at home with parents. Have spent 3 years in Uni in Liverpool and came home last Sept, was working in a call centre for 8 months untill 3 weeks ago but got laid off
Problem is, went into the Dole office and have been told that because of my parents earnings im unable to claim any benefits untill i turn 25 (which is in 5 weeks)
So with all my wages i had saved gone, on bills, loans etc....Im stone broke, I havnt been out on a night out in ages, cant afford to go anywhere etc.....
My parents do help me out odd 20 here and there for things i need but I know they cant afford this and they took a big cut on their wages over last year.

Ive got expeneses that need to be paid, as I was working and was let go without warning, no sign of company being in trouble, I had taken out a loan in credit union and have a overdraft in bank. The loan repayments are 35euro per week and overdraft of 200euro is maxed out. Problem is now for next 5 weeks I cant afford to pay back my loan (which is going to have a serious effect on my credit history im led to believe) Ive never had problem paying anything off before, also have a phone bill which is due 37euro.
My parents cant afford this kind of money so im stuck with no money and am getting very depressed about it. Ive applied for over 200 jobs in last 2 weeks and not 1 word back from any of them.

Is their anybody, Governement crisis loans etc...that can help me out, Surely this state provide help for people who cannot get benefits (by the way before i went to Uni in England, I worked part time from ages 15 to 17 and full time from 18 to 21 but they tell me as i got money when was home for summer in uni, my stamps have run out)

Anyone got any suggestions

TwoShedsJackson

If you haven't got it, you haven't got it.

Ring the Credit Union and explain the situation, you may be able to arrange with them to miss five weeks payment now and add it on to end of loan or some other arrangement. It's €175, they shouldn't want to kick up too much of a fuss about it, and Credit Unions can be flexible.

Ring your phone provider and tell them you cannot meet the bill by the due date, ask them to suspend your service until you have turned 25 and can get the dole and pay it. Again, for €37 they will probably try and accomadate you. Without contacting them though, you will not know.

The worst thing you can do when you have loans etc. owing, is nothing. The people you owe to will want to know where it is, and believe me 99% of companies are far happier when the debtor contacts them and tries to arrange something, rather than puts their head in the sand in the hope it will all go away.

As for nights out etc., that's just something you're going to have to forget about in the short-term, see how you get on once you are getting the dole, or get a job.

qwertplaywert

TwoShedsJackson wrote: »

If you haven't got it, you haven't got it.

Ring the Credit Union and explain the situation, you may be able to arrange with them to miss five weeks payment now and add it on to end of loan or some other arrangement. It's €175, they shouldn't want to kick up too much of a fuss about it, and Credit Unions can be flexible.

Ring your phone provider and tell them you cannot meet the bill by the due date, ask them to suspend your service until you have turned 25 and can get the dole and pay it. Again, for €37 they will probably try and accomadate you. Without contacting them though, you will not know.

The worst thing you can do when you have loans etc. owing, is nothing. The people you owe to will want to know where it is, and believe me 99% of companies are far happier when the debtor contacts them and tries to arrange something, rather than puts their head in the sand in the hope it will all go away.

As for nights out etc., that's just something you're going to have to forget about in the short-term, see how you get on once you are getting the dole, or get a job.

Oh i totally agree, Dont mind that at all to be honest was just putting it out as a way of saying im not wasting money etc...

Its just very depressing not having a penny to my name, Im grateful ive a roof and food but its depressing me

petethebrick

Try to get an extension on your overdraft
Don't pay into the loan until you get back on your feet
Most importantly plague the welfare office until you get the dole, don't be embarrassed to do so - there are leeches in this country who claim it their entire lives so you are entitled to it in times of trouble, get that point across, go and speak to your local representative, as much as i hate them go to your local sinn fein councillor, my one got me the dole after 4 months trying, keep at it!!!!

Oryx

You can ask at social welfare about emergency payments, I know in our locality the county clinic provide these to people caught in the gap between say, applying for a benefit and getting it.

The St Vincent de Paul may also be worth trying.

But as mentioned above, as this is a short term thing, your best bet is to simply talk to those you owe money to, explain the 5 week issue, and see if you can have your payments frozen or deferred for this time. The only thing you must not do, is ignore the bills.

Its 5 weeks, not the end of the world, and you never know, you might even get a job in that time.

snugglebear

you should contact both the bank and the credit union to explain your situation, this at least would give you some breathing space while the dole is being sorted out.

Talk to the bank and explain that payments will be restarted soon.. Forget about the overdraft or increase it to pay of the loan for 5 weeks.

iguana

I'm not going to repeat a lot of the good advice you've gotten above but in the mean time have you thought about going through your stuff and selling some of it. Some secondhand bookshops pay for decent books and you can put free ads up on gumtree. If you have a paypal account you can get stuff up on ebay, but there is a small charge for that so be sure it's stuff that will definitely sell.

It's not going to make you a fortune, but it could be enough to tide you over for the next few weeks.

LegacyUser

If you were denied any dole whatsoever on the basis of the new means testing system, then your parents must be making a fair amount. Why not remind them of this fact and ask them for a loan?

tenchi-fan

Big trouble is when you have a €250,000 mortgage, a house worth 40% of that, no job, big bills and rising interest rates.

Whenever you get a job you'll be sorted.

Don't worry about your credit history. Meet the manager of the credit union and tell them you will be unable to repay your loan for a few weeks.

Try to keep on top of the bank loan, but don't be afraid to phone the bank and tell them you can only pay interest only for a few months.

As for the phonebill.. if at all possible, migrate to a cheaper plan or better yet a prepaid plan and don't top-up for a few months. If your parents have a landline with hundreds of minutes of free national calls, use it for jobhunting instead.

There is no reason to be a burden on your parents, anyway. Live cheap, don't waste electricity and don't eat them out of house and home out of boredom. If you really had to slum it, you could buy a 10 kilo bag of rice and live off it for a month. As it stands, you're nowhere near that level of poverty. You're just going to have to live on the "odd twenty" for a while longer.

As for jobhunting, my advice is rather than applying for 200 advertised jobs, ask your friends who have jobs to put in a good word for you where they work. Ask you dad and uncles to ask around for you too. I'll say one thing, I never got a job I applied for online through a website and over the past 12 years I had at least 12 jobs (some permanent, some temping).

mood

Contact your bank about the loan and explain you can restart repayments in 5 wks (possible longer). Maybe the Community Welfare Officer can arrange for you to get a sub until you get you dole.

It's only 5 weeks (possibly longer as it takes time to precess a claim).

Nights out are really not a priority for forget about that until your back on your feet.