Credit Card/Bank Loan?

beqasopi

Can any person advise me please. my situation is this, i want to add a Conservetry to my House, however i need £5.000 do i take out a Loan or should i use my Credit Card? i have Savings and will be using them also. any Advice would be Welcomed as i am the person who always gets ripped off. Thanks.

TMF

hmm this is a tricky one. As the personal loan business is going down at the moment it getting increasingly difficult to get a cheap loan, (finance companies are focusing more on secured loans as they are making more money there). What I would do is get a 0% balance transfer credit card then transfer the £5k into your bank account, that way once the 12months balance transfer offer finishes you can simply transfer to another 0% balance transfer credit card. However some credit card companies are not charging a fee to do a balance transfer but you still get the 0% interest.

You need to look into it a lot to see which would be the best option for you.

I hope this helps.