Hello all
Last year I took a 12000 business loan from Lloyds TSB Business.
The repayment on this is around 200 per month, but the interest is about
100, which means it's only going down by about 100 per month.I wondered whether I'd be able to take a credit card with favourable terms out and pay off the loan with that. It may even be worth taking a loan with a cheaper company and moving to them.
Could anyone advise if there is a obvious solution to this (other than not taking the loan in the first place!)
Thanks very much
Richard