We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

debt free wannabe......urgent help needed

b21playa
b21playa Posts: 80 Forumite
in Debt-free wannabe
Hi all

This is the situation so far, might be a bit long

2 years ago I borrowed some money off a mate and now its time to return the cash, all £9k off it. I have around £8k cash, but I owe bank £2k and I need to buy a car.

I need to borrow around £5k, nothing much to secure it against as Im living with my parents. Max 2yr loan.

What are my options?

Thanks all

Comments

  • 10past6
    10past6 Posts: 4,962 Forumite
    b21playa wrote: »
    2 years ago I borrowed some money off a mate and now its time to return the cash, all £9k off it. I have around £8k cash, but I owe bank £2k and I need to buy a car.
    I guess it depends on who you feel more loyal to ;)

    If you already have a car, can you not manage with it until you have enough saved again to purchase another one?
    Click here for Martins (MSE) advice on who to contact with Debt Issues - YOU HAVE NO REASON TO USE A FEE PAYING DEBT MANAGEMENT COMPANY- THEY CANNOT DO ANYMORE FOR YOU THAN THOSE LISTED IN MY LINK ABOVE.

    All information given by myself is offered informally and without prejudice - if in doubt seek help from a qualified and insured professional
  • b21playa
    b21playa Posts: 80 Forumite
    10past6 wrote: »
    I guess it depends on who you feel more loyal to ;)

    If you already have a car, can you not manage with it until you have enough saved again to purchase another one?

    I really need to pay the money back, so a loan it has to be.

    Im car-less at the moment and need one for work.

    Any recommendations of cheap loans?
  • 10past6
    10past6 Posts: 4,962 Forumite
    b21playa wrote: »
    Any recommendations of cheap loans?
    Try the loans board here
    Click here for Martins (MSE) advice on who to contact with Debt Issues - YOU HAVE NO REASON TO USE A FEE PAYING DEBT MANAGEMENT COMPANY- THEY CANNOT DO ANYMORE FOR YOU THAN THOSE LISTED IN MY LINK ABOVE.

    All information given by myself is offered informally and without prejudice - if in doubt seek help from a qualified and insured professional
  • b21playa
    b21playa Posts: 80 Forumite
    10past6 wrote: »
    Try the loans board here

    Will do

    thanks
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 355.6K Banking & Borrowing
  • 254.8K Reduce Debt & Boost Income
  • 456.1K Spending & Discounts
  • 248.2K Work, Benefits & Business
  • 605.8K Mortgages, Homes & Bills
  • 179K Life & Family
  • 263.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture