hi all
I am looking to clear my credit cards before I purchase property next year.
So far I been looking into personal loans with 6% interest rate vs dividends.
I want to avoid dividends as jumping to higher band will be more then a loan would be.
I also looked at Directors Loan but sounds like thats only worthwhile if you can pay it fully back 9 months from accounting period.
Amount is less then 10k so no BIK on that.
Anyone got advice if you been in similar situations on what option you went with etc.
Thanks
I am looking to clear my credit cards before I purchase property next year.
So far I been looking into personal loans with 6% interest rate vs dividends.
I want to avoid dividends as jumping to higher band will be more then a loan would be.
I also looked at Directors Loan but sounds like thats only worthwhile if you can pay it fully back 9 months from accounting period.
Amount is less then 10k so no BIK on that.
Anyone got advice if you been in similar situations on what option you went with etc.
Thanks
Comment