Loans

[woll]

With not being able to work i might have to get a loan. I've got national insurance to pay, my van needs tax in dec, insurance and it's run out of mot and i'll have my tax bill to pay in january.
Is there a loan i could get that i won't have to start repayments for a few months and can pay off in one go if i have the money?
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Current Bike- Suzuki DRZ400 SM K6
Previous bikes - Derbi Senda Xtreme50r, Honda CBR 125, Kawasaki ZZR 250, Yamaha DT125R, Suzuki Bandit 600, Gas gas ec 250, Honda CBR600FW
Damaged spleen, damaged kindey, 2 popped lungs, 2 broken ribs, broken face, broken wrist and 5 back fractures... remember kids walls hurt

[Pete.]

A deferred-payment loan is what you want. Good luck getting one at any sane interest rate in today's climate.
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a.k.a 'Geri'

132.9mph off and walked away. Gear is good, gear is good, gear is very very good

[woll]

Ta pete. I'll shop round if they work out silly expensive then i'll have to keep selling my stuff lol
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Current Bike- Suzuki DRZ400 SM K6
Previous bikes - Derbi Senda Xtreme50r, Honda CBR 125, Kawasaki ZZR 250, Yamaha DT125R, Suzuki Bandit 600, Gas gas ec 250, Honda CBR600FW
Damaged spleen, damaged kindey, 2 popped lungs, 2 broken ribs, broken face, broken wrist and 5 back fractures... remember kids walls hurt

[kingnathski88]

Try you bank and see if they can give you some solutions?

If you have a good record with them, maybe your bank manager can help you out?

Could you look at alternatives like a fixed 0% card for 12 months?

No interest and pay what you want of when you want. Just got to be mindful if you can't pay it off after the 0% what the interest would be. Either that or just then move the balance to another 0% card.

Guess it depends on your credit rating really.

Regards,

Nathan

[rac3r]

Increase overdraft maybe?
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Bikes : 2006 CBR125R - 2004 Monster 620ie - 2004 ZX-6R B1H - 2005 Monster S2R 800 - 2011 Street Triple - 2009 Streetfighter 1098 - 2014 ZX-6R 636

[J4mes]

[Im-a-Ridah]

Banks are giving out loans?

[fatpies]

[Shaft]

Can't you tap up the olds?

From what I've read in other threads, they'll be jumping for joy that you're giving up biking, so ask them for some help, as a kind of return arrangement.

Meanwhile, you don't need to renew your insurance and MOT immediately, just declare your van SORN when the tax runs out.

As for the tax men, just tell them they'll have to wait until you've got the money, the worst they will do is give you a little fine, which you pay off later, when you're earning again.

For future reference, put some money by each month, to cover your tax liability; that way, you won't get caught out when times are hard.
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Things get better with age; I'm close to being magnificent........
20 RE Interceptor, 83 Z1100A3, 83 GS650 Katana
WooHoo, I'm a Man Point Millionaire! https://www.bikechatforums.com/viewtopic.php?t=234035

[woll]

I did have money saved up but that ended up going on the van. I thought it'd be ok, 5 months to save the money up. Didn't know i'd be in this predicament though did i.
____________________
Current Bike- Suzuki DRZ400 SM K6
Previous bikes - Derbi Senda Xtreme50r, Honda CBR 125, Kawasaki ZZR 250, Yamaha DT125R, Suzuki Bandit 600, Gas gas ec 250, Honda CBR600FW
Damaged spleen, damaged kindey, 2 popped lungs, 2 broken ribs, broken face, broken wrist and 5 back fractures... remember kids walls hurt

[TQ]

All Halifax personal loans have a 3 month break between receiving the money and making the first payment.

I've had a couple of loans from them and they seem to have been ok.
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First Bike :Gilera DNA 50 | Second: Imported 1989 NSR125
Third: 1998 Yamaha XJ600N | Currently: 1999 Yamaha FZS600

[st3v3]

[woll]

That's why i'm thinking of getting a loan steve.
____________________
Current Bike- Suzuki DRZ400 SM K6
Previous bikes - Derbi Senda Xtreme50r, Honda CBR 125, Kawasaki ZZR 250, Yamaha DT125R, Suzuki Bandit 600, Gas gas ec 250, Honda CBR600FW
Damaged spleen, damaged kindey, 2 popped lungs, 2 broken ribs, broken face, broken wrist and 5 back fractures... remember kids walls hurt

[st3v3]

[woll]

Well i might not have to take a loan out. As long as my wrist is fine (cast off next monday) then i'll be able to get working again once my sick note runs out (won't be covered by ins while sick note is in force). Don't have to worry about my back as long as I don't do anything too strenuous, had a reveiw today the consultant said i should of been operated on and that he was going to kick up a stink, because there was 5 definite fractures not just two like was put on my notes. Good news is it's healing well and only 2 are fractured now .
So if i can get earning again slowly and just save what i earn i should be ok. Won't be able to use the van but i can go to two of my customers on my push bike.
____________________
Current Bike- Suzuki DRZ400 SM K6
Previous bikes - Derbi Senda Xtreme50r, Honda CBR 125, Kawasaki ZZR 250, Yamaha DT125R, Suzuki Bandit 600, Gas gas ec 250, Honda CBR600FW
Damaged spleen, damaged kindey, 2 popped lungs, 2 broken ribs, broken face, broken wrist and 5 back fractures... remember kids walls hurt