Cheapest way to borrow 5K?
11 October 2002, 01:07 PM
#1
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Boring finance question I know, but how would you borrow 5K as cheaply as possible? Credit card? Bank loan? Know very little about borrowing so layman advice really appreciated
Thanks in advance.
Thanks in advance.
11 October 2002, 01:17 PM
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Bank job...but no weopens..pretend or not....should get around 3 years if caught...if you do it right you got a 70% chance of getting away with it...you may even get more cash..but watch the dye in the money bag...dont drop it...
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11 October 2002, 01:22 PM
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11 October 2002, 01:26 PM
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Depends how long you want to borrow over / how much you want to pay per month.
You can juggle interest free credit cards, but the minimum monthly repayment is 5%.
Otherwise liookk on Money extra, but don't get hung up on 0.1 or 0.2 on the difference in interest rates, the difference in repayments is pennies per month.
You can juggle interest free credit cards, but the minimum monthly repayment is 5%.
Otherwise liookk on Money extra, but don't get hung up on 0.1 or 0.2 on the difference in interest rates, the difference in repayments is pennies per month.
11 October 2002, 04:00 PM
#11
Sainbburys 4.5% flat - others similar or a little better.
I got 4% when bought wifes car from Vauxhall.
Paying off 5k over 4 years @ 4.5% = £125 per month (no protection)
Ro.
I got 4% when bought wifes car from Vauxhall.
Paying off 5k over 4 years @ 4.5% = £125 per month (no protection)
Ro.
11 October 2002, 04:05 PM
#12
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1- Sell one of your cars
2- Sell one of your houses
3- Ask Shaun's Dad, it works for him
Don't tell me you're skint again
2- Sell one of your houses
3- Ask Shaun's Dad, it works for him
Don't tell me you're skint again
11 October 2002, 05:05 PM
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Bank loan sounds a bit boring.
Juggling 0% credit cards sounds fun, 5% no problem. Anyone know who is offering these deals?
Family/friends is out. Cap in hand stuff is not my bag.
Could try the gee gees I suppose.
Juggling 0% credit cards sounds fun, 5% no problem. Anyone know who is offering these deals?
Family/friends is out. Cap in hand stuff is not my bag.
Could try the gee gees I suppose.
11 October 2002, 08:11 PM
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Capital One credit card is advertising on the TV 0% interest on new purchases for the first six months - once this is over, there are bound to be offers to get 0% on balance transfers to another credit card - just make sure you pay it off though...
11 October 2002, 08:21 PM
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10 November 2002, 01:19 PM
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Stick it onto your mortgage - Dirt cheap 3 - 4 %
for something that you no longer have.I would go for a bank / building society loan. Look in the papers or on the web at sites like moneyextra which compare the best buys. Just watch out for 'partner' sites which always seem to have a good deal
[Edited by speedking - 10/11/2002 1:20:33 PM]
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