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Short Term No Interest Payment Loan

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Comments

  • i doubt someone about to retire will get a cc with a high limit
    enjoy the holiday because 50k invested in an annuity would have given you around another £40 a week pension for life
  • oscar52
    oscar52 Posts: 2,272 Forumite
    edited 30 January 2012 at 11:17PM
    £40 a week aint a massive amount of money - and to "recover" the £50K would take nearly 25 years!

    There are better ways of making at least some money and keeping your original pot. A high interest account - say 3% would get £28 a week.
    No Longer works for MBNA as of August 2010 - redundancy money will be nice though.

    Proud to be a Friend of Niddy.
    no idea what my nerdnumber is - i am now officially nerd 229, no idea on my debt free date
  • Mara69
    Mara69 Posts: 1,409 Forumite
    £15k for a holiday! Wow. Where are you going and how many people? Did you not consider that you'd need to pay for the holiday before you actually have the funds to do so?
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