Loan or a Credit card

charliefletcher0

Hi All,

We have just brought our 2nd house which admittedly need more work than we originally planned.

We brought it with a 10% deposit with a fixed interest rate for 2 years.
We need to do some work to the house ( about £5000's worth)

My question is a credit card better than a loan?

We would want to pay back the money within 12months which is comfortably do able.

I have been looking online at 0% credit cards but I'm not sure how much money I would be entitled to.

Loans I'm sure I could get a 12month loan but i would be looking at 3-4%.

Has anyone else done something similar?
Any advice would be great and much appreciated.

Thanks

DCFC79

Whether you can get a loan of 3-4% depends on your credit history, theres a soft check you can use to get an idea of what you could be expected to pay.

enquire at your bank maybe.

lee111s

Where did you bring it from?

charliefletcher0

I have 1 credit card I pay off each month and have never missed a payment etc. Is there a way you can see how much money you could get from a credit card before applying?

charliefletcher0

bring what from?

DCFC79

charliefletcher0 wrote: »

bring what from?

They're making a joke because you said you brought your second house.