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Advise Needed
CovOne
Posts: 419 Forumite
in Credit cards
Hi all,
Firstly would just like to say i am unsure where to post this so have posted it in both the CC forum and the Loans forum so if it is unappropriate in here please let me know
The advice i need is a situation for my girlfriend.... Her mum lives abroad but still wants to help her financially with Car Insurance Holiday Expensive etc, her mum doesn't have a lump sum of cash to give so was saying to her to take a loan out for around £2000 and her mum will pay the re-payment's regardless of the interest occurred and the amount of time taken to repay. Her mum plans to get a settlement from a divorce in around 12 months and was planning on paying the full amount off then.
I haven't a-lot of knowledge in the area but have thought about the possibility of a Interest Free Period Credit Card in-stead of a conventional loan..
My Girlfriend Work around 25 hours a week and earns around £6500 Per Year
I was hoping to get some advise on which method may be:
A. the easiest for her to obtain
B. the option that is the best in terms of incurring the least interest etc
Any help/advice would be greatly appreciated
Thanks
:money:
Firstly would just like to say i am unsure where to post this so have posted it in both the CC forum and the Loans forum so if it is unappropriate in here please let me know
The advice i need is a situation for my girlfriend.... Her mum lives abroad but still wants to help her financially with Car Insurance Holiday Expensive etc, her mum doesn't have a lump sum of cash to give so was saying to her to take a loan out for around £2000 and her mum will pay the re-payment's regardless of the interest occurred and the amount of time taken to repay. Her mum plans to get a settlement from a divorce in around 12 months and was planning on paying the full amount off then.
I haven't a-lot of knowledge in the area but have thought about the possibility of a Interest Free Period Credit Card in-stead of a conventional loan..
My Girlfriend Work around 25 hours a week and earns around £6500 Per Year
I was hoping to get some advise on which method may be:
A. the easiest for her to obtain
B. the option that is the best in terms of incurring the least interest etc
Any help/advice would be greatly appreciated
Thanks
:money:
0
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