im looking for a loan of 2,000 im on benifits unemployed and bad credit can any one help i can pay bk £50 a mt

Question

the reason for the loan is a deposit on house and new baby on the way thank you .

Answer 1

Crisis loan? Get a social worker, they can be useful

Answer 2

Are you in the US? I don't know where you would go that $2,000 would be enough of a down payment on a house (please don't say you are doing some sort of crazy interest only mortgage- if you are, read the news!)

If you are in the US, you can try this place, which I used before...

http://www.prosper.com/join/lunyc

I first read about them in Money magazine - pretty cool idea, people get together and combine their money as a community into making a single loan.

I have used them for a loan to start a small website (and pay down some high paying interest)- you will have a much better chance of getting a loan than with a bank - and probably at a much lower interest rate.

Right now I am paying 10.5% on a 15k loan- not too bad IMO. You can take loans out for up to $30k I believe.

Make sure you make out a nice profile, and come up with a fun/interesting/sob story background to make yourself look trustworthy - it will help you improve the chance that people will bid on you (oh and a photo always helps :-) )!

Try to join a group as well - it can help lower your interest rate. Don't forget Prosper checks out your credit history, so you won't be eligable for lower interest loans unless you have a great background - but you can always take a higher % rate, it will probably still be lower than a bank loan (if you could get one...).

Even if you have bad credit what you will get from the Prosper community will likely be much lower than you
will get elsewhere - and it will be a secure, safe loan - not some underhanded 'get hit with 50% suddenly' loan shop!

Good luck!

Answer 3

You will be getting maternity benefit, you will be getting child tax credits when junior pops out, you can get more money allocated on budgeting loans.

If your already receiving benefits, you should be able to pay back a loan of £2,000 without feeling any adverse effects.

Although in all honesty, I feel that your not being realistic in buying a house and having a baby, where is the security in that? If your benefits stop, the mortgage company can whip the home from under your feet and then you will have to accept the first offer of housing that the council offers under the emergency scheme, so I feel that your digging a hole for yourself.

As long as you have a roof over your head, you have no need to go putting another noose around your neck, your baby will be a financial drain that you will only just keep up with, I know, my lad costs allot to keep in clothes as he is growing fast.

Answer 4

In your circumstances the only loan you'll get is from a loan shark, which will cost you an arm and a leg - possibly literally if you default.

Answer 5

Unemployed and you are wanting to use your benefit to put a deposit on a house? How irresponsible to be having a baby too.
You can pay back £50 a month can you, how much of that is my money I wonder

Answer 6

social loan? they take the money back out of your benefits but they write to you 1st and you should get a maternity grant for your baby not sure how much it is now but when i had my youngest(he's nearly 4) it was £500

Answer 7

Ask (demand) the child's father to help you out ...

Answer 8

I agree with ChocLover, get a job!

Answer 9

Try Welcome Finace or somewhere like thet. The rate of interest will be extortionate though. If your buying a house try an indipendant mortgage advisor.