My folks (both retired) are about to move house, and looking for a 30k loan for a short while to carry out DIY rebuilds on the new house, before selling the old house. The obvious option is a short term loan, but I was thinking about the 0% deals on the c/cards with the 3% loan costs - which would work out cheaper. Any other options of gotchers on the credit card option?
Thanks
Jaffa
And what if they don't sell the first house?
Take out a loan and pay the credit card off.
If you can buy the things you need, or at least some of them, with a credit card then you could get a card that is interest free on purchases and use it to buy the things directly. That way you will avoid the balance transfer fee.
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