best quick loan?

HayleyArnd

its now 17 days and counting to Christmas and im in debt. i have a very very important trip abroad to make on Christmas day and its going to set me back alot of money which i just cant afford. i urgently need a loan to be able to go, as we were only informed of this family emergency yesterday. i was wondering if there was any homeowner loans that pay out in a couple of days or so? id look to pay it back over 5 years, but its a sincerely desperate situation, and someone must be able to help me

HayleyArnd

also; i have a 'good' credit rating, i have a few credit cards which are maxed but not of much value, and i have never missed a payment.

immoral_angeluk

When you say you're in debt, how in debt is in debt? You also say you have a 'good' credit rating... Can you elaborate as we don't have much info to go on. What do you earn? Have you had problems repaying any debts previously?

CHR15

Go into your bank and discuss it.
You come across as a madman desperate for cash before fleeing.

HayleyArnd

CHR15 wrote: »

Go into your bank and discuss it.
You come across as a madman desperate for cash before fleeing.

far from it!

My mum has just been taken very ill in Japan (where she lives) and I need to fork out for the whole family to go over there at Christmas, as it may be our last christmas together now. I have 2 children and my husband. I'm looking for a loan around 10k and i'd secure it on my house, which is worth over £300,000 and with only £80,000 mortgage left. I don't have a massive wage, with me and my husband combined around £3000 per month.

HayleyArnd

and repaying debts, no. I haven't missed one mortgage payment ever. I pay all my bills regularly without fail.

immoral_angeluk

Speak to your bank. They're your best bet if you've had a good history with them.

All the best for your mum and family.

HayleyArnd

I have already spoke to my bank, sorry I should have mentioned.
I have a £500 overdraft limit available, however I cannot use it due to already increasing it this year. I also enquired about a loan from the bank, but that was unavailable also until January (too late) as I had money reput onto my mortgage at the start of the year to pay for house renovations. So, the bank is out of the window, but the option of a home-owner loan is not, which is why I desperately need opinions.

Wish I could predict these events, cause at the moment I wish I could not renovate the house!

hunt85

You should get a normal unsecured personal loan for now to tide you over with whoever you think is most likely to approve you (if your history with our bank is good then thats a good place to start) then speak to your mortgage lender after christmas etc to do a further advance on your mortgage, this is extra borrowing and is generally the lowest rate you can borrow at (although some personal loans are at 6% ish at the moment and some mortgages are too - with your mortgage being only £80k on a £300k house i'm sure your mortgage rate is low) and would make the most sense, it would mean you can pay off all credit cards and loans and would save you loads in interest over the long run. I work in a bank and see this everyday so don't worry I am not just giving you info based on no experience or guess work don't be tempted to see anyone and pay for any advice, anyone that works in a bank would probably tell u what i just did! good luck with it all!

immoral_angeluk

HayleyArnd wrote: »

I have already spoke to my bank, sorry I should have mentioned.
I have a £500 overdraft limit available, however I cannot use it due to already increasing it this year. I also enquired about a loan from the bank, but that was unavailable also until January (too late) as I had money reput onto my mortgage at the start of the year to pay for house renovations. So, the bank is out of the window, but the option of a home-owner loan is not, which is why I desperately need opinions.

Wish I could predict these events, cause at the moment I wish I could not renovate the house!

Have a look on moneysupermarket et al for cheapest deal. Noone can really say what suits you, you need to have a look around and find one you think is suitable for your needs.

immoral_angeluk

hunt85 wrote: »

You should get a normal unsecured personal loan for now to tide you over with whoever you think is most likely to approve you (if your history with our bank is good then thats a good place to start) then speak to your mortgage lender after christmas etc to do a further advance on your mortgage, this is extra borrowing and is generally the lowest rate you can borrow at (although some personal loans are at 6% ish at the moment and some mortgages are too - with your mortgage being only £80k on a £300k house i'm sure your mortgage rate is low) and would make the most sense, it would mean you can pay off all credit cards and loans and would save you loads in interest over the long run. I work in a bank and see this everyday so don't worry I am not just giving you info based on no experience or guess work don't be tempted to see anyone and pay for any advice, anyone that works in a bank would probably tell u what i just did! good luck with it all!

I really don't think debt consolidation is something the OP should be considering, especially in a fragile mental state. ESPECIALLY not by securing it on her house.
OP if you want advice, go see an independant financial adviser, not a bank adviser, as they will only be interested in selling you their products without much concern for the long term suitability, not giving you options from the whole of market and financial advice.