Hi everyone - first time poster long time fan of this forum. Hopefully you guys can help me out.
Essentially having done alot of college over the last 6/7 years I hope to go travelling this year - for a year.
I will have approx 4k saved up (with a credit union).
I presently have a loan with BOI - which I pay 200e off every month. Im up to date on this too but i still owe roughly 3k. This is the only loan I have.
however I would like to get a loan of roughly 8-9k to help fund the travelling and to have a bit of cash left over for when i get back etc.
In approaching any financial institution what should I say the loan is for? I imagine I would be viewed as more high risk since ill be off travelling but I would rather use a better sounding excuse for the loan. Any suggestions?
Secondly - should I go back to BOI or approach my Credit Union. Ive never got a loan off them before but I have heard good things and that they are more customer geared/friendly/approachable - which is all very well and good but i want this to be as easy and as painless as possible!
thanks for all your comments in advance.