£5000 urgent loan

Ebe_Scrooge

Evokin wrote: »

Something has come up for sale and need to purchase it quickly

Unless you have the money saved up, then you don't NEED to purchase the item quickly.

DCFC79

Kelly82 wrote: »

Is 12.5 percent Apr high on a 14 grand personal loan. Advise needed. Thank you in advance

Kelly you should really have started your own thread.

Evokin

Ebe_Scrooge wrote: »

Unless you have the money saved up, then you don't NEED to purchase the item quickly.

I do have the money elsewhere as already stated, and unless you know the full circumstances I fail to see how you would know 'if I needed to' purchase something?
But thanks for your advice.......

Arleen

Evokin wrote: »

I do have the money elsewhere as already stated, and unless you know the full circumstances I fail to see how you would know 'if I needed to' purchase something?
But thanks for your advice.......

It's actually quite easy to tell if you need or do not. You Need things like food, heat and water. You don't need something because its a bargain on sale.

Evokin

Ebe_Scrooge wrote: »

Unless you have the money saved up, then you don't NEED to purchase the item quickly.

weejangus wrote: »

When you lift the cash from a cash machine - yes. But there are a number of Credit Card companies that allow you to perform a Money Transfer - i.e. they transfer the money directly into your current account (up to about 90% or your credit limit). You can get these with 0% interest however be aware that there is usually a fee to pay (around 2 or 3 percent usually).

So for £5k you would ideally need a minimum limit of £5,600 and the fee may be about £150.

Thanks, this seems favourite at the moment, my card issuer has offered 0% till next May but 2.99% fee so £150........seems about the best option...

Evokin

Arleen wrote: »

It's actually quite easy to tell if you need or do not. You Need things like food, heat and water. You don't need something because its a bargain on sale.

I don't really want to have to qualify my needs on here, but thanks to the few that advised me without trying to teach me.......:T

zippygeorgeandben

Yes I have to agree with the OP - it's no ones business what they want the money for, however, some people will be wanting you just to have a good think about do you need to buy this. They aren't being nosey, just making you think about it a bit more.

Pixie5740

Generally speaking I've found that I have the cash in my account quicker when applying for a loan online than when using a money transfer card. Depending on how long you have the loan for and at what rate it can work out cheaper than a money transfer card.

poppasmurf_bewdley

I can't think of anything that would require me to urgently need £5k in cash.

Not that's legal anyway!

System

Evokin wrote: »

Thanks, this seems favourite at the moment, my card issuer has offered 0% till next May but 2.99% fee so £150........seems about the best option...

Given you only need the money for 30 days, once you get it stick it in a high interest account and leave it there, make the minimum payments on the card and then a final large payment by the end of the interest free period. The interest you get on the £5000 you've put into the savings account will offset some or all of the fee. You have then effectively borrowed £5000 for nothing or as near as.