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how Can i get My hands On £8000 for a few weeks

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Comments

  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    What's the betting that the provider costs will be in the £200-£500 range, dependent in teh investment sums of course?
  • daffodil
    daffodil Posts: 255 Forumite
    Thankyou all for your help
    One thing I would like to say is that £500 to me IS a lot of money so those who think it is a paltry amount should get a taste of the REAL world for a while.
    I have given up trying to borrow it because eg barclays wont lend to me because I would be making a financial profit, plus the charges and repayments etc and the timing etc
    My credit card limit is not high enough to do this - plus charges etc

    I have however hope that I might be able to get my hands on the money from another source without having to pay interest or repayments etc. I have opened a PPP with Virgin just in case this happens - only cost me £1 so I am now ready for it.
    #Thankyou:j
  • mania112
    mania112 Posts: 1,981 Forumite
    Part of the Furniture Combo Breaker
    This really isn't the way to handle your finances.
  • daffodil wrote: »
    One thing I would like to say is that £500 to me IS a lot of money so those who think it is a paltry amount should get a taste of the REAL world for a while.

    If £500 is a lot of money to you then borrowing £8000 to potentially gain £500 is a big risk to take, you could end up with £8000 stuck in a pension and no way to withdraw the full amount for an extended period of time, if that happened how would you repay the £8000? The risk just isn't worth it.
  • dunstonh
    dunstonh Posts: 120,290 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I have opened a PPP with Virgin just in case this happens

    Just about one of the worst pensions going. Plus they do not offer drawdown and probably wont offer the revised options from 2015. You should really be picking providers that comply and offer current features and terms and not those that restrict them.

    Although it is a risk as you could end up losing more money than you gain.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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