SupraStar 3000 Posted November 2, 2009 Share Posted November 2, 2009 Hi guys, Any advice would be gratefully received. I'm looking for a loan based around £5000 at 12.9% typical over 36 months. Monthly Repayment - £166.54 Total Repayment - £5995.33 Has anyone here found better deals. Would rather avoid interest free credit cards and my parents are broke. Cheers Ed Link to comment Share on other sites More sharing options...
mathew Posted November 2, 2009 Share Posted November 2, 2009 why do you want to avoid credit cards? they would be my first choice in this scenario. Link to comment Share on other sites More sharing options...
AndyT Posted November 2, 2009 Share Posted November 2, 2009 http://www.theaa.com/loans/index.jsp I'm sure there's a little cheaper around. Link to comment Share on other sites More sharing options...
SupraStar 3000 Posted November 2, 2009 Author Share Posted November 2, 2009 simply want to avoid the temptation to spend what I cant afford + bad experience. Also, doesn't a credit card effect your credit rating where as a fixed loan does not. Link to comment Share on other sites More sharing options...
SupraStar 3000 Posted November 2, 2009 Author Share Posted November 2, 2009 http://www.theaa.com/loans/index.jsp I'm sure there's a little cheaper around. Hi Andy, Thats where I got my original quote from. AA uses co-operative bank Link to comment Share on other sites More sharing options...
Konrad Posted November 2, 2009 Share Posted November 2, 2009 Ed, check Virgin credit card, they offer 16 months 0% and you can just simply transfer money from their credit card to your current account. Set up direct debit for every month and do not use this card anymore and you will have 16 months interest free money + after 16 months it's 16.6% APR. Link to comment Share on other sites More sharing options...
SupraStar 3000 Posted November 2, 2009 Author Share Posted November 2, 2009 Cheers Konrad. I'll look into that. Link to comment Share on other sites More sharing options...
JamieP Posted November 2, 2009 Share Posted November 2, 2009 Are the interest rates on these loans fixed? Link to comment Share on other sites More sharing options...
tooquicktostop Posted November 2, 2009 Share Posted November 2, 2009 A grand over 3 years in the current climate for a 5 grand loan is ok, the major lenders are being very cautious Link to comment Share on other sites More sharing options...
SupraStar 3000 Posted November 3, 2009 Author Share Posted November 3, 2009 Are the interest rates on these loans fixed? Some are AFAIK A grand over 3 years in the current climate for a 5 grand loan is ok, the major lenders are being very cautious Cheers. Need to research alittle more tonight but I think I could just about manage that Thanks Link to comment Share on other sites More sharing options...
JamieP Posted November 3, 2009 Share Posted November 3, 2009 Some are AFAIK If you can do without it then id not get a loan but if you have to then go with a fixed one, i have a feeling interest rates may go up (as will everything else) after the elections in may. Link to comment Share on other sites More sharing options...
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