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looking for a loan but is it best?

goonarmy
goonarmy Posts: 1,006 Forumite
in Loans
Hello, long time lurker first time poster.
Im getting married and thinking of a unsecured personal loan of 7.5k-ish to pay for it. I earn circa 28.5k, and have several credit cards, two in use, two with 0% interest balances (no in use as recomende from here). Whats my best option loan or cards?I suspect it'll be 3-5 years on repayments for a loan. And recomendations?
«1345

Comments

  • telboyo
    telboyo Posts: 410 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Save up to get married
  • geoffky
    geoffky Posts: 6,835 Forumite
    wedding on a credit card.......please tell me you are joking...the world has not yet got that mad ....has it?
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • goonarmy
    goonarmy Posts: 1,006 Forumite
    words of wisdom, been doing that too + boat loads of overtime.
  • goonarmy
    goonarmy Posts: 1,006 Forumite
    geoffky wrote: »
    wedding on a credit card.......please tell me you are joking...the world has not yet got that mad ....has it?
    dont have 15k just knocking around im afraid
  • drbesty
    drbesty Posts: 967 Forumite
    My advice would be to have a cheaper wedding
  • goonarmy
    goonarmy Posts: 1,006 Forumite
    drbesty wrote: »
    My advice would be to have a cheaper wedding
    ever met a woman?
  • mustang1
    mustang1 Posts: 252 Forumite
    Debt-free and Proud!
    goonarmy wrote: »
    dont have 15k just knocking around im afraid

    Then either save up until you do or have a cheaper wedding. Starting married life with thousands of pounds of debt is not a great idea.
  • goonarmy
    goonarmy Posts: 1,006 Forumite
    mustang1 wrote: »
    Then either save up until you do or have a cheaper wedding. Starting married life with thousands of pounds of debt is not a great idea.
    why not, living within my means is perfectly acceptable?
  • RichGold
    RichGold Posts: 1,244 Forumite
    1,000 Posts Combo Breaker
    Borrowing money is not in any way living within your means.

    Its directly contrary.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • goonarmy
    goonarmy Posts: 1,006 Forumite
    RichGold wrote: »
    Borrowing money is not in any way living within your means.

    Its directly contrary.
    Clearly not if i can afford repayments on a regular basis yet cannot afford the lump sum then its living within my means.
This discussion has been closed.
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