Help!

BELT08

Hi There, I am going travelling the end of this year and have some money saved, although not enough to really enjoy myself and do all of the things I would really like to do! can anyone out there advise me on who to go to for a loan of quite a large amount with a low interest rate which would be good for my situation........??( I am praying that this is actually achievable!!)

any suggestions would be greatley received.........

CHR15

Consider working for a living instead of partying??

~Beanie~

How are you planning on paying the loan back if you are off travelling and have no income?

BELT08

Beanie - the plan is to pay of the monthly repayments from the total borrowed. i.e loan the right amount where I can pay back the repayment and still have a monthly allowance to spend on accom etc....

CHR15

So a loan to pay the loan off, and give you enough to party with, with no job, and you're leaving the Country??

Should be simple.

iolanthe07

Beanie - the plan is to pay of the monthly repayments from the total borrowed. i.e loan the right amount where I can pay back the repayment and still have a monthly allowance to spend on accom etc....

Hell's teeth - guaranteed route to bankruptcy.

BELT08

I do not want the money to party with. I am going to use it to experience life, see lanmardks, learn about different cultures and become a better person. The world is alot larger than England. Life is not about money although it is needed to do almost anything! With regards to a job - I have one waiting for me for the day I return, I have been wokring since I have left school and think its about time for me to see the world.

What would you suggest then? I am leaving so staying is not an option.

CLAPTON

Not enough info given to know whether your plan is sensible or not but bank of mum and dad comes to mind

if you are in a regular job now and have a good credit rating then there is no reason why a bank shouldn't make you a loan .. you could say its for a car

depending upon where you are going maybe you could work during your travels.

how long are you going for
where are you going
how much have you saved
how much do you want to borrow

BELT08

I have already tired that one! the best way to get a low rate on a loan would be for my parents to add it to there mortage and then loan that to me, once back get straight back into work and then loan that lower amount to repay. needless to say that didnt work out!

I am going for a max of 10 months
America, Canada, New Zealand, Australia, Southeast Asia, Hong Kong
I have already paid for the ticket,insurance,some accom, injections and a few bits needed for the travels.
I would like to borrow 8-9k.

Would a few credit cards be a better idea!?

fudgecat

needless to say that didnt work out!

In what way did this not work out? Can you give more details about your current job, termination date, the likely salary when you return and any institutions you have already approached? This would help people give you firmer advice.
It is, of course, possible that what you hope to achieve will not be possible - particularly in the current climate. An SOA is always helpful for detailed advice.

CLAPTON

and...
do you have a regular job now
do you have a good credit rating
how much do you earn