Starting at Big 4 - Interest free loans

GR3YFOXXX · 14-09-2011 5:04pm #1

Removed at request of the OP

tomfoolery60 · 14-09-2011 6:32pm

Not heard of them offering interest free loans. If they were to give one of €7k in Ireland you'd likely get hit with tax on the BIK so perhaps the tax law explains the difference.

GR3YFOXXX · 14-09-2011 6:45pm

deleted at request of the OP

LightningBolt · 14-09-2011 11:14pm

Firm I'm in gives something like 2k at the start to help with rent costs like deposits and building a wardrobe. It's not taxed as a BIK as it's treated as a salary advance. You sign an agreement to have your salary deducted by x for y number of months...

LightningBolt · 14-09-2011 11:16pm

By the way, why the hell would you want a 7k advance? Anybody I know who took them out severly regrets doing it as they ended up blowing it on nights out within the first month or so. If you're badly stuck take out a 500-1000 but try to avoid anything more than that. Is it really worth being down 200 quid a month for a year when you can easily burn through the advance in a short space of time.

GR3YFOXXX · 15-09-2011 8:35am

Removed at the request of the OP.

R0N BURGUNDY · 15-09-2011 11:58am

take the 7k and invest it? surely that is the default!!?

GR3YFOXXX · 15-09-2011 12:16pm

Removed at request of the OP

Starting at Big 4 - Interest free loans

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