Loan - Pay in 12 months???
Discussion
To cut a long story short, I lent a friend about £3000 about two years ago. Its been coming back in dribs and drabs, but I'm in a situation where I need the cash now. He's not in a grat financial position are getting screwed over by a non-paying rental company on a foreign property and his flat in this country is sitting empty so he's paying the mortage on that too. He now owes me about £2000.
Regardless, is there any sort of loan that he can take out and not have to start paying back immediately. I'm sure if it was in 12 months he should be a better situation. Should he be able to get a decent loan if he has properties - what sort of interest should he be looking to pay. I've seen that the interest on regular 12 month loans is quite reasonable.
Regardless, is there any sort of loan that he can take out and not have to start paying back immediately. I'm sure if it was in 12 months he should be a better situation. Should he be able to get a decent loan if he has properties - what sort of interest should he be looking to pay. I've seen that the interest on regular 12 month loans is quite reasonable.
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