VSS
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Cheap BorrowingCan any one advise on the cheapest way to borrow a small sum, say 2.5K over two years?
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Cathryn
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Farm mortgage? Depending what rate you are on.
Vague possiblity of 0% credit card and transferring at the end of the 0% period? I don't know if that's possible any longer.
Parents?
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Pilsbury
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Barclaycard are offering 0% for 20 months on balance transfers on a new type of card and if you can get one then transfer the whole credit limit into your current account.
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Cathryn
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If it's not needed instantly, join a Credit Union. (Join anyway. I haven't got around to taking my own advice yet though.  )
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Nick
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I'd be very wary of getting a 0% credit card for a CASH advance. Usually that's excluded, and you're back up to the larger rates. I could be wrong, but check. Carefully. Twice.
Would the bank offer an overdraft for that kind of sum? No idea how the figures stack up, tho.
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Rob R
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We've been doing a similar amount of short term borrowing recently - was going to go to the bank but, when hearing how much (or little) some rich pensioners were getting for their savings I've done a deal with mum - she gets more interest and I pay less thank the bank would take. Also works out well as we can pay back in variable chunks, as and when the money comes in.
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chicken feed
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 bank of mum and dad thats always our offsprings port of call too 
must have a word with them about the interest
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Hairyloon
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bank of mum and dad thats always our offsprings port of call too
must have a word with them about the interest |
