I need a 3k loan

Maverick1407

Where can i get the best deal?

I need the loan for a car.

Should i pay of in 1 year or should i get a longer loan?

immoral_angeluk

What debt do you already have?
What do you earn?
What's your credit history like?
What do you need it for?

MFWannabe

Maverick1407 wrote: »

Where can i get the best deal?

I need the loan for a car.

Should i pay of in 1 year or should i get a longer loan?

You need to state how much debt you already have; if any and how much you earn

redpete

immoral_angeluk wrote: »

What debt do you already have?
What do you earn?
What's your credit history like?
What do you need it for?

How much can you afford to pay back each month?
How certain are you that your income will stay the same over the next 1, 3, 5 years?
Do you expect any pay rise in the near future?
How likely are your financial circumstances to change in the near future?
What is your shoe size?

ethan1066

if you can pay bank it in one year ..then it would be best for you..

immoral_angeluk

redpete wrote: »

...
What is your shoe size?

:rotfl::rotfl::rotfl:

Ferdy147

1) You don't 'need a loan' you want a loan.
2) Pay any loan back as soon as you possibly can
3) Why spend £3k of money you don't have on a car? Surely you could get something cheaper for the short term and save up for later.

As helpful as the posters are on this forum I really think they should take the stance of only borrow money where its absolutely necessary. Hope you don't think I'm being an !!!! but just trying to prevent you from, a few months down the line, being one of the posters here saying u've taken a payday loan to pay off a loan you did not need in the first place.

andymc29

totally agree with the above poster. Also, what happens if the car dies after a few months??? You're stuck with a loan for a car you don't own. Maybe buying a £1000 car might be better as it could get you by for a year while you save up the cash for a better one that'll last longer.