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Credit cards or Loan??
Hi,
Got married in Sep and used two credit cards to finance the honeymoon and wedding with the idea to transfer to loan now.
Im now starteing to get charged interest on the cards, however in March teh finance on my car runs out so will need £4.5k to buy. Have been holding out till then to get a loan to payy off the wedding debts and buy the car.
Looking at borrowing £15k. Can then pay the monthly loan payment from what used to pay the car finance. However, if we get loan now we will have the car finance and loan payment. But i've got two minimum credit card payments that equal what a loan payment would be.
Seen a good deal with tesco - cheapest rate i can find (8.2%) and 3 month payment window - perfect!
But, is it likely that loan interest rates will come down???
Got married in Sep and used two credit cards to finance the honeymoon and wedding with the idea to transfer to loan now.
Im now starteing to get charged interest on the cards, however in March teh finance on my car runs out so will need £4.5k to buy. Have been holding out till then to get a loan to payy off the wedding debts and buy the car.
Looking at borrowing £15k. Can then pay the monthly loan payment from what used to pay the car finance. However, if we get loan now we will have the car finance and loan payment. But i've got two minimum credit card payments that equal what a loan payment would be.
Seen a good deal with tesco - cheapest rate i can find (8.2%) and 3 month payment window - perfect!
But, is it likely that loan interest rates will come down???
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