Bridging finance

[The_Mowgs]

There's someone I know that would like to resign soon due to unbearable working conditions etc. Is there something like bridging finance to tie him over until his pension pays out whereby he then repay the amount given to him?

He wants to cash out his pension to settle all debt, start a new job and start contributing again to the rest of the pension that was left after the debt settlement.

I know people are going to say to not do it etc etc but he has thought this thing through and is almost sure that is what he wants to do.

If there is something like this who can he contact?

 

[hellfire]

There's someone I know that would like to resign soon due to unbearable working conditions etc. Is there something like bridging finance to tie him over until his pension pays out whereby he then repay the amount given to him?

He wants to cash out his pension to settle all debt, start a new job and start contributing again to the rest of the pension that was left after the debt settlement.

I know people are going to say to not do it etc etc but he has thought this thing through and is almost sure that is what he wants to do.

If there is something like this who can he contact?

The easiest is to get a micro-loan based on his salary (before he resigns) for whatever he needs until the pension payout.
It won't be cheap though - probably 30% interest p/a, plus a couple grand initiation fees.

Edit: He must also keep in mind that the tax man takes a decent share of that pension cash-out