Best way to pay for Rhinoplasty Surgery - credit card or bank loan?

YorkshireBoy

TeeandCake wrote: »

I would love rhinoplasty surgery (nose job) and I don't know whether to get a bank/medical loan or a credit card.

I don't know how medical loans work (in terms of section 75 of the CCA), but at least with a credit card you have a choice of two organisations to sue when it all goes wrong and you end up looking like that bloke in post #3.

I need some advice on how to manage money with a credit card.

The best advice is don't buy anything you can't afford to repay when the bill comes in next month.

any bit of advice would be great.

Bet you're wishing you didn't put that now?

The_Boss

TeeandCake wrote: »

Thank you izools for taking the time to read my thread and reply, however you have not actually answered my questions. Your reply is neither constructive nor humorous. I find it rather patronising actually. This is a serious thread and I would like some serious answers and/or advice. I certainly do not need people posting silly pictures or judging me on my decision to have Rhinoplasty surgery.

Thank you but no thankyou.

??? It looked very sensible advice...

agrinnall

TeeandCake wrote: »

Agrinall, izools reply was not helpful thank you

See the second sentence of my previous post.

Tixy

TeeandCake wrote: »

Yes the cheapest way and to avoid paying interest.

There is no way to avoid paying any interest/costs (unless you are able to use savings). Even on 0% cards you would need to pay balance transfer fees given you cannot afford to repay it all within 1 card's promo period.

TeeandCake wrote: »

For example, use a credit card with 0% interest for 2 years then pay £63 a month which is what it would be. Then transfer the remaining amount onto another 0% interest card to avoid paying any interest at all

Is £63 a month all you are going to be able to afford? that is a very low repayment compared to the amount you wish to borrow and almost certainly will make any bank loan/medical loan unaffordable.

In terms of a credit card with 0% then again if that is your affordability you may well struggle to get accepted for a card now, and may well not be able to afford the minimum repayments (e.g. a typical card's minimum repayment is 2% of the balance which would be more than £63). Even if you did get accepted by the time the first card promo deal ends it is even less likely you would get a second card with a 0% deal whilst a student. So you could end up with a over £2k on a card at say 20% APR and not be able to move it anywhere else. Again it sounds like you could not afford to service the minimum repayments.