Quick question to finance purchase
Discussion
At the moment i am looking to make a purchase of around £4000.
I have a balance transfer deal of 0% until March 2015 (1.9% fee), with my credit card.
I have (pre) approval for a personal unsecured loan of upto £9000 with my bank, rate unkown.
Would i be daft to use the balance transfer for the £4000, then when the promotional interest rate runs out, take out a loan to pay off the balance, or would it be best to take out a personal loan for the amount required straight off the bat?
My only reason for asking is, if i take the BT, then it may affect my acceptance for a loan to pay it off later.
I have a balance transfer deal of 0% until March 2015 (1.9% fee), with my credit card.
I have (pre) approval for a personal unsecured loan of upto £9000 with my bank, rate unkown.
Would i be daft to use the balance transfer for the £4000, then when the promotional interest rate runs out, take out a loan to pay off the balance, or would it be best to take out a personal loan for the amount required straight off the bat?
My only reason for asking is, if i take the BT, then it may affect my acceptance for a loan to pay it off later.
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