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!
advice for a friend
Comments
-
As far as I am aware, and correct me if I'm wrong, but if it's unsecured (not against your friends house), then I thought the maximum length you could pay it back was 7 years.
From looking around, not all lenders give you that long, some have 5 years as a maximum.
The only way you would get £17,000 over that kind of period would be linked to a mortgage, something I don't have as I'm 23 and have no chance of buying a house at current prices.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
I agree with daveboy in that most lenders are 5 or 7 years, but I have a 10K loan with Northern Rock for 10 years.Bank Charges Claimed: 180
Debenhams card: 600 now paid
Littlewoods: 100 now paid0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.1K Banking & Borrowing
- 254.6K Reduce Debt & Boost Income
- 455.8K Spending & Discounts
- 247.8K Work, Benefits & Business
- 604.9K Mortgages, Homes & Bills
- 178.8K Life & Family
- 262.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards