You are joking?I'm looking for some advice on what my best options are regarding a loan that I'll be taking out for travelling for 12 months. I'm at the end of clearing my debts and what better way to celebrate than by taking out another load of debt!
Doubt that you will get 0% for 12 months.I'm looking to take about €10k of a loan and then potentially pay for my flights on a 0% credit card.
Guaranteed returns?I know it sounds like madness but I have some investments that will be maturing at the end of the 12 months (i.e) on my return which would mean that I could clear most if not all.
Check the Financial Best Buys forum.So if anyone could advise the best option for me on getting a 10k loan for travelling & living and about 4k for flights, insurance etc, I'd really appreciate it!
Are you based in the UK? If not then you probably won't get one of those cards/offers here in Ireland (Republic). If you are based in the UK then note that this site is primarily geared towards Irish personal finance and related matters. In any case I wonder about being able to borrow €10K while skipping the country and having only recently cleared other loans. Do you have any missed payments on your ICB (or equivalent) records?ClubMan: I'm not joking unfortunately!& I checked the FBB forum initially, it's quite good but I just want to talk through my plan. Investments are guaranteed. I've seen a 9 months 0% Credit Card from Egg (UK).
You are borrowing money to pay back the money borrowed? Now why didn't we all think of that. The personal finance equivalent of Steorn's perpetual motion machine?Pinky: Paying for the loan would be done by borrowing more than I need and leaving cash in bank with a direct debit to pay it each month.
Doubt that you will be able to borrow here so.I'm currently based in the UK so would that affect me applying for loans back in Ireland? I've been non resident for 3 years. I'm guessing it will and I'll have to borrow from a UK bank at a higher rate.
Are you based in the UK? If not then you probably won't get one of those cards/offers here in Ireland (Republic). If you are based in the UK then note that this site is primarily geared towards Irish personal finance and related matters. In any case I wonder about being able to borrow €10K while skipping the country and having only recently cleared other loans. Do you have any missed payments on your ICB (or equivalent) records?
You are borrowing money to pay back the money borrowed? Now why didn't we all think of that. The personal finance equivalent of Steorn's perpetual motion machine?Unfortunately neither will work.
Doubt that you will be able to borrow here so.
Intentions are one thing, reality is another - do you have a perm resident visa for Oz? - have you properly checked out employment there?I intend on earning decent wedge in Australia
€4k seems alot for flights you should be able to get a round the world ticker for between €1500-€2000 have you contacted Trailfinders for example.
I presume you are working now will you have your last pay packet to live off? I found when Travelling the best way I found was having an overdraft facility that way you only paid interest on when you went into the red. So if you are working in OZ you can use that money to support yourself not having to use the overdraft etc.
Get a credit card by all means as it is always handy but use it wisely or the interest will kill you when the interest free period runs out and you could be paying it for years.
Intentions are one thing, reality is another - do you have a perm resident visa for Oz? - have you properly checked out employment there?
If it's a Working Holiday Visa the you may well find that getting full-time or professional contract work is not that simple.
I'll be phoning Usit this weekend but 4k is the number I have in my head from a friends experience. It's effectively 25 stops, 4 in each continent and 5 intercontinental.
Have you planned your trip at all yet? There is probably no need to go for that type of ticket. Chances are you will do a lot of travel over land and not use 4 flights per continent. There are much cheaper ticket options available for round-the-world trip.
As for budgetting, I´ve done round-the-world for the year and 16k euro should cover most of it. (Not including flights)
Lots of casual work in Oz at the minute if you have your visa.
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