"Anyways, CTC haven't released anything official about what, if anything, they're going to do about the HSBC funding problem. You never know, they might have something stashed up their sleeve and it may just be worth while waiting for that little extra month or two to see if anything is offered.
If not, it's time to start being extra nice to those parents!"
CTC have said they are in talks with other banks, but how long these talks will last is another matter. I personally think that if you get an unsecured loan to a certain degree its worse than getting a mortgage or a secured loan. Why?
Well, with the unsecured loan yes you can declare bankruptsy, but on the other hand the repayments come quick and you cant really delay them all that much, plus interest is higher and the repayment amounts per month will be too.
With a mortgage, yer you pay back loads but you can spread it over a long period, monthly repayments will be much lower and most mortgages are flexible- ie one year you can pay back very little and yet if you get a decent job the next year you can pay back as much as you want.
I personally think the bank situation with CTC isnt that much of a bummer- providing your parents are supportive etc.