Loan/Creditcard? Dilema Help me

BECKY28_2

Hi,
Looking at making a few home improvements and I need a few grand. Only I do not own a credit card and never have. My husband and I have one incase of emergency. Dont laugh.
But the interest rate on it is through the roof.
Really just need to withdraw the cash for this job, so m&s/tesco card wouldnt work because it wouldnt be a purchase.
Whats my chapest bet? Any ideas? Please help

Tixy

How quickly will you be able to pay off the debt?

Who is your current credit card with? - is it in your name or husband's?
Do you have an overdraft? What other debts/credit accounts do you have in your name that appear on your credit file?

BECKY28_2

Bout a year maybe.
Card is with Husbands bank lloyds tsb (joint card)
Have an overdraft but only first 100 is intrest free other 19.8%.
Current account and mortage on the house. thats it.

Tixy

If you can pay it off in a year then the cheapest option is likely to be a superbalance transfer credit card with a 0% promo deal. Thats if you are able to get one with a sufficent limit for your needs.
These are usually either cards backed by MBNA or a post office classic card - where you can transfer money straight into your current account for a BT fee, or M&S where you can buy sterling travel cheques as a purchase and then pay these cheques into your bank account.
This is a guide http://www.moneysavingexpert.com/loans/plastic-loans
and this is a list of cards that allow transfers to your current account - http://www.stoozing.com/sbt.php