Borrowing 2k

will27

Hi new to all this so be gentle want to borrow 2k to finnish off my bathroom what would be cheapest way thanks in advance

bengalknights

A 0% credit card would be the cheapest method.

poppasmurf_bewdley

will27 wrote: »

Hi new to all this so be gentle want to borrow 2k to finnish off my bathroom what would be cheapest way thanks in advance

Why 'finnish' your bathroom! Why not swedish it instead? It may be cheaper.

will27

poppasmurf_bewdley wrote: »

Why 'finnish' your bathroom! Why not swedish it instead? It may be cheaper.

Yeah yeah good one how does the 0% interest card work i'm numpty with this stuff never had loan before only mortgage :eek:

pjcox2005

Latest weekly e-mails have details on all 0% offers:

http://www.moneysavingexpert.com/latesttip/

Basically, you apply for a credit card as normal. If accepted and dependent on the deal, they charge you no interest for a period of c. 15 - 18 months.

You pay minimum payments each month, ensure you don't do a cash advance (e.g. through cash point) and then pay off the remaining balance in full at the end of the interest free period.

The catch is if you spend the money and don't sort out a way of paying off the balance at the end of the interest free period as it will revert to a normal rate, so interest of anything from 10 - 40% really.

McKneff

0% for 12 months = 2k divided by 12 = your monthly payment, dont be late with any of them, finish by the correct date or your your interest will revert to normal. Setting up a DD is best.

will27

Ok but i don't want to pay for supplies with card i want the cash so i can get better deal , how would i do this :question:

Tixy

You could either get an overdraft, a loan, or you could try to get a 0% card that allows super balance transfers - though the latter incurs a balance transfer fee to get the money into your current account.
Which would work out cheaper would depend on how long you expect it to take you to repay the debt. Which of them you are likely to be accepted for will depend on your financial circumtances and credit history.

will27

Tixy wrote: »

You could either get an overdraft, a loan, or you could try to get a 0% card that allows super balance transfers - though the latter incurs a balance transfer fee to get the money into your current account.
Which would work out cheaper would depend on how long you expect it to take you to repay the debt. Which of them you are likely to be accepted for will depend on your financial circumtances and credit history.

The only debt i have is mortgage and credit card about £700 thats it i was looking to pay back in about 2 years but with the option of paying off early

Firefox1975

Everyone wants info without giving details!:(

need to know - salary after tax, any further deductions from Net salary, any previous credit defaults.

too little info given!

even then, theres no guarantee you will get what we "think" you may be able to obtain.

KingElvis

The easiest way to finish it? find a new housing development, remove the bathroom from one of the new builds, install this into your own.