Whch loan would be good to pay off a credit card and buy stuff

Pinktooth

I dont have floorboards at all its just freakin concrete and in this weather its gonna be freakin cold living with just concrete I dont have floorboards at all they builders nowadays dont sell a house with floorboards you have to get them yourself unless you pay for them before you move in

welshmoneylover

Buy a rug, avoid taking on more debt.

You seem to have trouble paying off old debt anyway, don't make the situation worse for yourself cos interest rates might just increase.

roger196

Ask neighbours if they have any old carpet or are likely to be replacing carpet in near future. I carpeted my garage for years on carpet I rescued from skips ( and better to ask first).

R0bert_Sterling

I got sacked from my last job of carpeting Skips.

My boss said I was skiving, didn't realise some toerag was following behind nicking the carpets!!

Pinktooth

roger196 wrote: »

Ask neighbours if they have any old carpet or are likely to be replacing carpet in near future. I carpeted my garage for years on carpet I rescued from skips ( and better to ask first).

Thats good idea beig as new houses been built quite likely people have offfcuts throw in skips or i their house and your right to ask as its offence apparently to take stuff from skips or dump i them without the skip hirers permission.

Tixy

Pinktooth wrote: »

Whch loan would be good to pay off a credit card four grand and bank overdraft and also to buy some flooring and carpets and washing machine/microwave? Then pay back as quick as can do? Thanks

That would depend on how much you want to borrow, how much you can afford to repay each month (have you worked that out yet?) and what your credit report is like. Sounds like you are wanting a loan in excess of £5000 which may not be easy to get on top of your current debts. Or if you can get one it might be at a high interest rate.
It will depend on the total credit available you have now, the total debt you have now, your salary, whether you have had late payments, defaults, CCJs in the past etc etc. No on can really answer this question from the info you have posted.

You need to find out the APRs on your existing cc and overdraft, you don't need anyone to work it out for you, they will be on the cc and bank statements. it will be written down for you. Without that you will have no idea whether the loan will be competative or not.

But I agree with the other posters, I would not be taking on more debt at the moment, you don't seem to have a handle on your exisiting financial situation yet so will have no idea if you can afford more debt or not.

Pinktooth

I asked if an extended LLoyds overdraft would be better but noone answered that yet however five grand is about right I think Also house sold to repay remortgage and so I gather I would be i good credit ratings but will be unemployed when moving in couple weeks till find another job fifty miles away. I was actually wondering if can get help with furnishings from dole as this new house comes with no floors or even tiles in bathroom but apparently its worth 150 grand and with my share to buy it got it for 120 grand so even wondering if equity can get and that will be cheaper than load or extended overdraft?

Tixy wrote: »

That would depend on how much you want to borrow, how much you can afford to repay each month (have you worked that out yet?) and what your credit report is like. Sounds like you are wanting a loan in excess of £5000 which may not be easy to get on top of your current debts. Or if you can get one it might be at a high interest rate.
It will depend on the total credit available you have now, the total debt you have now, your salary, whether you have had late payments, defaults, CCJs in the past etc etc. No on can really answer this question from the info you have posted.

You need to find out the APRs on your existing cc and overdraft, you don't need anyone to work it out for you, they will be on the cc and bank statements. it will be written down for you. Without that you will have no idea whether the loan will be competative or not.

But I agree with the other posters, I would not be taking on more debt at the moment, you don't seem to have a handle on your exisiting financial situation yet so will have no idea if you can afford more debt or not.

Tixy

If you are unemployed you will almost certainly not get a loan, an extension to your overdraft or any other credit for £5k. How would you repay the loan without an income? what plans do you have in place for repaying your exisiting debt - even if just the minumums?

I'm no expert but if you have sold a house and are buying a new house I'd be amazed if you can get any financial help from the goverment to fit out your new house.

Who says the house is worth £150k? an independant valuer? how much of the £120k purchase price do you have as a deposit and how much is a mortgage?

Whether you can get a secured loan or an increased mortgage will depend on your loan to value (as well as your credit rating and your ability to repay the mortgage).

That said I would never put an unsecured credit card debt or an overdraft on to a loan secured on a house, as there is a much greater chance of you losing your house if you don't keep up with repayments.

Pinktooth

The house will be paid for outright cash however mine is just third share in family

Tixy wrote: »

If you are unemployed you will almost certainly not get a loan, an extension to your overdraft or any other credit for £5k. How would you repay the loan without an income? what plans do you have in place for repaying your exisiting debt - even if just the minumums?

I'm no expert but if you have sold a house and are buying a new house I'd be amazed if you can get any financial help from the goverment to fit out your new house.

Who says the house is worth £150k? an independant valuer? how much of the £120k purchase price do you have as a deposit and how much is a mortgage?

Whether you can get a secured loan or an increased mortgage will depend on your loan to value (as well as your credit rating and your ability to repay the mortgage).

That said I would never put an unsecured credit card debt or an overdraft on to a loan secured on a house, as there is a much greater chance of you losing your house if you don't keep up with repayments.

tiff

I think you need to give us all the facts in one go. The house is a third share, with no mortgage? Do at least 3 different people live in the house? Can the others share the cost of the carpets and other things you need?