Tubbs
17th Jan 2005, 13:31
I wonder if anyone can help here: I'm paying about 10k up front for a type rating and I need to borrow the money (got the job). In addition I have various other debt commitments totalling about 10k. I would also like to buy a flat in the next 6 months but without a deposit I'm faced with fewer options and poorer interest rates.
My first thought was to just get the loan and continue servicing the other debts (mostly 0% credit cards) separately, but it occured to me that I could borrow enough money for the whole lot, thereby consolidating everthing albeit at a higher interest rate (0% deals running out in 4-6 months). Perhaps I could even borrow an extra chunk on the same loan to fund a deposit for the property.
Any thoughts / advice on the matter?
Ta
My first thought was to just get the loan and continue servicing the other debts (mostly 0% credit cards) separately, but it occured to me that I could borrow enough money for the whole lot, thereby consolidating everthing albeit at a higher interest rate (0% deals running out in 4-6 months). Perhaps I could even borrow an extra chunk on the same loan to fund a deposit for the property.
Any thoughts / advice on the matter?
Ta