If I need £5000 now and I can pay it back in 1 year's time, what should I do?

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If I need £5000 now and I can pay it back in 1 year's time, what should I do?

2006-09-20 10:54:47 · 2 answers · asked by Prettywoman 2 in Business & Finance ➔ Personal Finance

2 answers

You can look into getting a loan at the bank. If you have good credit, you may not need collateral. If you have collateral, such as a home, you can get a home equity loan or a second mortgage.
Hope this helps!

2006-09-20 10:56:51 · answer #1 · answered by rita_alabama 6 · 0⤊ 0⤋

Never pledge your home as security for any loan. Unexpected things do happen and if you cannot pay it back, you will become homeless. Better bankrupt than homeless.

2006-09-20 18:12:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋