Need to borrow about £4k

icw

I need the money to do up the garden a bit.
Whats the best way for me to do this.
my credit rating is pretty good so I could probably get a small loan, but I don't like the big interest rates they charge.
Is there a cheaper way. Could i ask my bank to give me an overdraft would that be any cheaper?.
Or even open a credit card is there a way to keep transferring balances as I keep hearing some people do.
I can pay off about £300 per month.
I maybe take a mortgage holiday (I'm with nationwide i think they offer something like that)

agrinnall

What sort of garden do you have where you need £4K to 'do it up a bit'? Have you pitched a tent in Kew Gardens?

Derivative

icw wrote: »

I would like the money to do up the garden a bit.

Cleaned that up for you.

Stuart_W

Tesco and M&S currently offer 0% interest on new purchases for 15 months if you apply for the right credit card.

If you are allocating £300 per month to this project, that means you can spend £4,000 on 800 garden gnomes at B&Q (or whatever else you have in mind) and by paying back £300 per month to the credit card, you will have cleared the balance before being charged a penny in interest.

This of course only works if you are planning on spending the money on purchases from garden centres, diy stores, etc - if you are looking to pay a tradesman or landscape gardener, you may need to check if credit cards are accepted, as the quoted deals above are for new credit card purchases.

Catslovelycats

Why not save some money over the winter months so that come spring you've got some savings to use and you can borrow less?
It is going to be a very expensive garden when you factor in the interest. Do you really need to borrow for this????

Catslovelycats

Oh. My 2nd post didn't post....
Stuart I wanted to say what a good idea your gnomes are.
On that basis I can understand the OPs desire to get money together immediately so they can buy 800 while they're still in stock, regardless of the final cost to them. :rotfl:

Catslovelycats

EdgEy wrote: »

Cleaned that up for you.

Precisely.

Derivative

The thing I can't get my head around is not spending £4000 on a garden.
It's that once you've committed yourself to it, why would you care about the odd percent here or there?

A 10% loan makes that £4000 into £4400 in a year. If you're going to chuck £4k on a garden, how can £400 make that much difference? Couldn't you just, well, buy 80 less gnomes?

KingElvis

Gnomes are ftw

lilly2011

You could always try Freecycle for the gnomes

CHR15

Well he can't buy ANY with Gnomoney...