£2000 which is best loan for me?

julieanne13

hi :-) i need £2000 cash and i am scared stiff of credit cards should i just go to my bank? i need it for 12 months. i have a good credit rating

BLT_2

julieanne13 wrote: »

hi :-) i need £2000 cash and i am scared stiff of credit cards should i just go to my bank? i need it for 12 months. i have a good credit rating

Either that or sell your ar*e down the docks

kriss_boy

Most people here are probably thinking do you really need the money?

You shouldnt buy things you cannot afford.

julieanne13

so much for help on these pages - one rude and one condisending

curlytop12

hang in there,someone helpful will come along eventually!

julieanne13

thank you :-)

clairbear1000

You should try your bank first as they will have the best information on how you manage your money.

If you haven't had much credit you may struggle with another lender.

Loans are fixed payments so you would tie you in for the same amount. A credit card you could over pay so that you pay it is paid off quicker. It woukd depend if they would give you the limit you need.

telecomengineer

Your own Bank is always the best option when looking for a loan as you have history with them...

My advice in the first instance would be to arrange an account review...by doing this you can ask the question "does my account show I am eligible for a loan?" This way you can avoid a credit search as they will normally tell you whether you could apply for one

Some banks even give you pre-approved offers e.g HSBC

Who do you Bank with?

clairbear1000

You should try your bank first as they will have the best information on how you manage your money.

If you haven't had much credit you may struggle with another lender.

Loans are fixed payments so you would tie you in for the same amount. A credit card you could over pay so that you pay it is paid off quicker. It woukd depend if they would give you the limit you need.

fozmcfc

If the £2000 is for a purchase that could be made by a credit card and you have good enough credit, than a credit card could be the best option.

There are several cards which offer no interest over certain periods including 12 months. If you are successful in getting one of these cards, you could pay it back over 12 months with no interest.

So imagine this, the £2,000 is for a TV for instance, you pay it on the card, you make 10 payments of £200 and that's it, no interest or fees.

With a loan there is always going to be interest, unless it is from a friend or family member.

As others have said your bank is your best starting point.

Marty21

For that kind of loan you are looking at quite a high APR (18%) if you are planning on paying it back over 1 year, but saying that the APR is about the same as an average credit card(Unless as fozmcfc said if you have a good enough credit rating you could get a 0% for 12 months or simillar credit card).

Who do you currently bank with?