What should i do? College Or Work

Question

So im currently having problems with my car insurance company (MyMotorQuote) basically a couple months ago they put my premium up by £1000 (from £1600 to £2600 - i know, its ridiculous) long story short, they told me i had 30 days to do pass plus when i opened the policy, i didnt hear this, 1 month later policy moves onto one without pass plus, hence £1k difference. Im in full time employment at the moment in a job i HATE, i was going to go back to college at the end of the month and be incredibly short of money for the next 4 months, but now, the company is demanding the £1k either this week, or paying an extra £286 a month - £464!). Cancelling the policy is also not an option as it costs £1100 to do so (i HATE this company), problem is i have no money at all, seriously nothing. So my 3 options:

1/ Stay in full time employment for another year (which i hate), pay the extra £280 a month and go to college next year

2/ Apply for a £1k loan and be incredibly short of money for next 4 months (possibly not even make enough money)

3/ Sell the car, use the money from the car to pay off cancelation fee and go to college with a significantly lower outgoing at the end of every month (take into account i love my car and my work and my college are 2 bus rides apart! and would actually cost more than petrol, and i love my car!)

What do you think?

Answer 1

get another job. you cant do well in a job you hate. full time that will pay aswell as this one does.

once you have your money on track cancel the car insurance and find a better one.

then get a part time job and attend college.

sorted.

Answer 2

You love your car? Remember the wrong choice will blemish your credit rating for the rest of your life.

Sell your car buy a moped or scooter and learn well ( I know uncool!!). Then when you have got your qualifications you will get a better job and be able to buy an even better car. If your credit history is on the black list, this could be the only car you could buy for the rest of your life.

please be sensible.

Answer 3

Sell your car buy a cheaper one go to a different insurance company and go college for four months to improve your career prospects which will enable you to buy a better car and afford the insurance.  

Answer 4

Number 3.

I've just had to sell my beloved car for a number of reasons, mainly petrol and insurance.

It actually works out to take the bus/train when I go to uni.

If you don't sell the car, you risk getting into debt and having this company nagging you for money, that really - you haven't got.

Go college, study something you love for 2 years, or even a part-time evening course so you can work during the day. Then you can become qualified, go university and by the end of 2 years at college, you will be able to afford a car again.

Answer 5

Welcome to the real world.Ride the buss or walk.You have said you can't afford a car.