asking your parents to co-sign for a bank loan

hey

lately things have been getting pretty rough for me financially, and things are getting a little stressful. ive recently relocated to a city with a very high unemployment rate, and not only am i finding it very difficult to find work, my resume and pathetic work history makes it seem impossible

i think im going to have to move back in with my mother next month, i just cant survive. she however lives in the US, and i am canadian, so i am unable to work there. this is a problem, because there is no way for me to work and save money to relocate to another city. my mother can assist me in my move, but she cant afford everything. now, the thing is with my father, is that i havent talked to him in almost a year, and our emailing relationship has come to a complete stop. i cant just call him, and ask him for a bunch of money

so ive devised a plan where i ask my parents to co-sign on a bank loan for me, for around $1500 - $2000, which would enable me to rent an apartment room, pay for the move, and sustain me until i find work again. i dont really understand the technical side of bank loans, i dont really have much colateral, im not sure how much that matters. this is all speculative though, im not even sure im going to ask them, and im not even sure i should

the real issue here is me not knowing whether or not i should, in all decency and respect for my parents, ask to co-sign. the idea to ask for a co-sign, instead of just straight up asking for money, is to financially effect my parents as little as possible. theyre not rich, and theres no reason in the world why i shouldnt be working and sustaining myself at this point already

another thought im having is that if they are indeed willing to co-sign, perhaps borrowing the money from a bank is a bad idea. in fact, im going to say right now that i think it is a bad idea. im sure theres other financial loan institutions, but that is neither here nor there. i dont know what to do

any thoughts would be appreciated guys. thanks

i thought u were an alein

i say don't fucking do it. you're totally skint as it is - how are you ever going to pay off a loan? your parents will end up paying it and then there will be all sorts of trouble and bad feelings. debt is never an answer for being poor! you just need to stick at finding a job - do fucking anything, mcdonalds, supermarket checkouts - whatever. gotta be better than moving back in with your mom!

what bcm said is true for humans

did you aliens invent the green bills???

oh, forget about it, you're a gray alien...

hes not an alien okay.... hes just a person

right et ??

  On 11/24/2011 at 10:21 PM, BCM said:

i say don't fucking do it. you're totally skint as it is - how are you ever going to pay off a loan? your parents will end up paying it and then there will be all sorts of trouble and bad feelings. debt is never an answer for being poor! you just need to stick at finding a job - do fucking anything, mcdonalds, supermarket checkouts - whatever. gotta be better than moving back in with your mom!

the town i want to go to has lots of work available. i strongly believe that i could find work there in the first week or two of me being there. i really do think i could pay off the loan. not to mention that the town is a farming community, so when the weather warms up again, i can make a decent amount of cash farming i think. $2000 is a lot of money though, and loans always seem far more more payable before you receive the money than when you have to start paying it back. i guess all im doing is going into debt and using my parents because i have bad credit and no collateral

i dont know why, but i cant bring myself to apply at mcdonalds or grocery stores (ive worked at several grocery stores in the past). i dont know why, i think i have some kind of inner ego conflict. i just flat fucking refuse to work at mcdonalds, like i feel like im somehow better than that, or that if i work at mcdonalds than it means that im not someone who i thought i was, or something. dont get me wrong, ive known very intelligent people who have worked at mcdonalds, i just dont want to hit that level. whatever

anyway i dont want this thread to be about whether or not i should work at mcdonalds

i should explain something else about my situation, in which i maybe should have mentioned in my original post. ive chose the town that i want to move to for a very specific reason. i cant stay where i am now, im am going to that town one way or another, and in the meanwhile, im flat broke and have no way of getting there or paying for anything once i get there. thats the situation summed up in a nutshell

sorry, i should have mentioned that

also, the part about moving in with my mom would just be temporary before moving....

do you wonder if humans exist???

  On 11/24/2011 at 10:40 PM, ET said:

  On 11/24/2011 at 10:21 PM, BCM said:

i say don't fucking do it. you're totally skint as it is - how are you ever going to pay off a loan? your parents will end up paying it and then there will be all sorts of trouble and bad feelings. debt is never an answer for being poor! you just need to stick at finding a job - do fucking anything, mcdonalds, supermarket checkouts - whatever. gotta be better than moving back in with your mom!

 

the town i want to go to has lots of work available. i strongly believe that i could find work there in the first week or two of me being there. i really do think i could pay off the loan. not to mention that the town is a farming community, so when the weather warms up again, i can make a decent amount of cash farming i think. $2000 is a lot of money though, and loans always seem far more more payable before you receive the money than when you have to start paying it back. i guess all im doing is going into debt and using my parents because i have bad credit and no collateral

 

i dont know why, but i cant bring myself to apply at mcdonalds or grocery stores (ive worked at several grocery stores in the past). i dont know why, i think i have some kind of inner ego conflict. i just flat fucking refuse to work at mcdonalds, like i feel like im somehow better than that, or that if i work at mcdonalds than it means that im not someone who i thought i was, or something. dont get me wrong, ive known very intelligent people who have worked at mcdonalds, i just dont want to hit that level. whatever

 

anyway i dont want this thread to be about whether or not i should work at mcdonalds

 

i should explain something else about my situation, in which i maybe should have mentioned in my original post. ive chose the town that i want to move to for a very specific reason. i cant stay where i am now, im am going to that town one way or another, and in the meanwhile, im flat broke and have no way of getting there or paying for anything once i get there. thats the situation summed up in a nutshell

 

sorry, i should have mentioned that

i totally know what you mean about not wanting to work at mcd's or whatever, and i've been in your exact same situation myself - a few times in fact. all i can tell you is getting any sort of loan (except perhaps one willingly given by your parents/brother/mate/whatever which you can pay off whenever with zero interest) is an extremely bad idea. it will seriously only lead to more woe.

you gotta face facts though - you need a job, simple as that. you gotta stand on your own and do it on your own. what sort of work would you be prepared to do? how about a cleaning job - usually you can work on your own in the evenings and just push a mop about some empty building with your headphones on... or factory work - packing boxes, assembly line work etc?

i know i need a job BCM. ive got to man up and just do it, something i havent really done in my life. in the meanwhile though, i dont know how else i can fund this move. i hear you though, and your probably right, i should not go further into debt. i liked the part about borrowing it form someone close and paying it back whenever. that could work. again though, its just me suckering off whoever gives me the money (probably my parents)

I'd also say no the bank loan. I only loaned £1000 in 2007, but it took me 3 years to pay off. It's not a hassle, but paying back like £1700 is pretty depressing and will rape you financially just as you think you're getting somewhere.

Also, if your CV (resume) is poor then don't get a fucking loan. You should only get a loan if you're confident that you can pay it back as quickly as possible. Focus on getting experience, not getting instant bucks.

Act like an adult. Take a shitty job for some months and earn your $2000. When you´ve done it, and can move to your secret city for a very specific reason, you´ll feel very satisfied. I´ve had a lot of shitty jobs, and I don´t regret any of them. Somehow I think they made me a better person.

you have my total sympathy bro: maybe this is a bit off topic but, if you have trouble finding a job because of your resume, I have a pro tip for you:

fucking lie, make shit up, fake it.

don't have moral issues here, companies are fucking monsters shampooing their shareholders pace in their retirement castles in florida and your not applying for a surgeon nor for a pilot job.

Now this special strategy requires good preparation, you need to build your card house on solid ground.

it won't turn your resume from shit into gold, but at least you can mask the shittiest spots like long gaps.

fill them with jobs hard or not worth to check, mostly they won't check anyway cos that fat human resources lady in her mid 40ies will be an depressed aging piece of meat with a burnout syndrome and a husband that is not willing to put a dick into her, if your lucky.

Maybe you know somebody at your old companies that could attest your little moral bending in written employers reference.

I don't even know if you have to have such a reference for every job you did.

the most important part is you have to know what you have been "working" and if its useful for the job your applying, and you need to know it very very well.

cos that hr bitch has seen a lot of garbage no matter how much depressed she is, so you need imagination and good nerves, and your need to practice a lot. also mass before class, fire out applications like there's no tomorrow, don't write a cover letter from scratch everytime you apply, just modify it, or elaborate the most standard letter that will need minimum adjustments, his way your able to apply for a lot of jobs and get a shit load of interviews and with every interview you will get better understanding for this.

I know all this cos a friend of mine did it that way and he is a very nice human being but was forced to do it this way, and he got his job and now he's good at it.

Depends on you, because it can be a lot of stress, but if you need to survive and the standard way is not working and you have nothing to lose....a little cosmetic surgery on your resume can help. good luck

Yeah! Like schlucharski said it: fucking lie, make shit up, fake it cos that fat HR bitch is depressed and doesn´t get fucked properly! good luck!

Adjacent over hypotenuse

No to bank loan.

Yes to lying on resume.

Fuck I bet you could get one of your friends on here to act like a front for you, as a fake previous employer.

or say you have experience overseas - like in a country where they don't speak much english. Some fucking HR bitch at a temp firm isn't gonna call Shanghai to make sure you worked where you said you did.

u just should not care and become a mountain man

ive already been lying on my resume. the dates of employment are completely falsified, and one of my references is my room mate. i dont really understand how im supposed to get a good job by lying on my resume when i dont have any skills. i could say i worked for the president of the united states, i still dont know how to book keep, or balance a budget, or supervise a team, or do inventory, or have trade skills, or programming knowledge, etc. i would get fired on my first day. the only job for me is wal-mart toilet cleaner

this isnt even the issue though. i dont know why were talking about this

It doesn't matter, it is all about thinking that you do, and figuring it out as you go. "Yeah my microsoft excel skills are off the hook!". Just fucking figure out how to do it once you get a job, have a couple stories that sound legit, like "i developed spreadsheets showing quarterly maintainance spending for my previous boss". Or whatever, it is totally fucking dumb most employers will just briefly ask you about it and won't check up on it too deeply. Also, another tip is that if you lie just enough to get an interview, and it turns out you are not as qualified as you had hoped, employers will sometimes like you anyways and give you a different job that is better suited for you. The whole point is just to get their attention and get an interview, then just act cool, don't be super professional, just act likable and interested.

point being, don't take out a loan, 2000 will get only get you more poor without a job, I would rather live in a homeless shelter and go on unemployment than get a laon. Also food stamps. Also dress up nicer than usual and talk to people that look professional in bars and shit and you might find work randomly.

Start looking for work there now.

how's your penis? if good, then put out the vibes on craigslist and find yourself a sugar mamma.

get some dumb seasonal job for now and then work on making your resume fancy and apply to a bunch of places for the new year. even if you say you've worked with like microsoft outlook and know how to send emails it makes a difference. plus if you post on a forum you must have some computer knowledge which is a pretty big asset. basically every job requires working with technology. you are definitely valuable in some respects, everybody has strengths and talents, you just gotta figure out what yours are and capitalize on that in your resume and cover letter. even if you don't have a well-developed skill, if you find it comes easy to you when you start at it, it means you're talented at it.

Am I the only one who is curious about this "specific reason"??

Also ET, are you still in Edmonton right now ?? I work in an industrial area and I see quite a few now hiring signs on my way to work, many of which are labour positions which dont require any prior experience whatsoever.

P.S oops forgot about the part where you said you relocated to another city?? where did you move?

I wrote administrator and content writer for watmm.com on a resume once.