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I Want a Loan – Where Can I go to Get the Best Deal?

What is the Problem?

I want a loan. Where can I go to get the best deal? From Adrian, in Colchester, Essex

DON’T DO IT! Consider whether you really need a loan, and or whether you really need that large purchase. If you can get by without it, great. If you can’t live without the item, save for it, because products, fashions and technologies change over time. Unless it’s an emergency, or for something which is essential, the chances are you will regret doing it, you’ll regret spending the cash, and you’ll regret paying the interest.
If you absolutely must get a loan, then perhaps consider the following, and this is something that parents, grand parents and extended families should consider doing for their children, grandchildren and or loved ones: Download the free help sheet for the latest help!

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About the Presenters

Simon Goldberg

Simon, began his working life with Messrs. Coutts & Co, bankers to the Queen. During a career which has, thus far, spanned 31 years, Simon has served time as a Bank Manager, Financial Adviser, and General Manager of a major UK Broking Firm, which later became London Scottish Broking. A Certified Mortgage Specialist, Simon set up his own broking firms in late 2002... Find out more about Simon

Your hosts - Mark Moxom and Alain Braux

Mark Moxom

Mark is a multiple best selling author on food, health and business. He has had decades of experience in natural health and is an outspoken advocate of natural nutrition and drug free living. He's also the founder and executive editor of Low Carb Mag. More about Mark

The Rest of The Story

You and your Cash Help Sheet

Click image for help sheet as a PDF

The Outline Solution

  • What if parents, grand parents, uncles and aunts, banded together and loaned funds to their offspring, at interest?
  • A proper contract can be drawn up and the loan is paid back with interest.
  • The net effect is that you get your loan, but the profit stays in the family, as opposed to being handed to a third party Bank.
  • Long term, you benefit, because ultimately when your parents and grandparents, leave this mortal plane, you are likely to inherit some if not all, of that wealth.
  • What was once a loan, has now become an investment. Plus, you may end up having children of your own and the process can simply roll over.
  • From the point of view of parents, grandparents and other relatives; off spring can be coached on money management, and if something goes wrong, parents are more likely to know the true underlying problem

Possible Arguments Against You

  • As a society, we have bought into the “buy now – pay later” culture, and Banks and other financial institutions are cashing in.
  • This has handed way too much power to the Banking Industry, which is in itself a monopoly. (Please investigate the nature of money and money creation)
  • Inter family loans, can cause problems, but problems don’t have to occur, so long as it’s all dealt with formally, and any failure to repay is not rewarded with further finance. Hence it is important to ensure that any loan requires the signature of 2-3 “elders” from different family units (eg one parent, one grandparent, one uncle/aunt)
  • One downside is that you will not be rewarded with a good credit rating, but you can always obtain a letter verifying that you repaid the loan, and your bank statements will prove it!
  • Then again, you will not be punished with a poor credit rating if you have a few hiccups along the way.
  • This will not work for everyone, but it does make sound financial sense.

The Almost Legal Info

  • If you are absolutely intent on taking a ‘loan’ from a Bank or other ‘Financial Institution’, then make sure you first understand how loans are created. If that doesn’t put you off, nothing will!
  • Shop around, perhaps using a comparison website to save the leg-work. But when it comes to applying, apply direct, as it is highly likely that the comparison website is earning some kind of kick-back or commission, which may inflate the interest rate you pay!
  • When you have finally found a reasonable deal, make sure you agree up front, that once the loan has been ‘re-paid’, you get your ‘security’ back – ie the original loan agreement bearing your wet ink signature.


Helpful Paragraphs:

  • Banks and finance companies are raking it in, and that is because, most borrowers do not understand the first thing about how a ‘loan’ is actually created, on the books of the Bank.
  • The Bank itself never risks a penny when making a loan, and it never loses a penny, even if the loan doesn’t get repaid! If that sounds strange to you, then check the YAYC guide to ‘How Loans and Credit Cards really work’. For more details simply email info@YouAndYourCash.Com;
  • ‘Cash’ is a promise to pay money: check your Bank of England Notes.
  • Now ask yourself “what is money?”


Need More Help?

If you want a more detailed guide to money, loans and credit cards, and how they really work; please go to…

Alternatively, if you wish to explore the mechanics of challenging loans and credit cards, and have at your finger tips, the strategy to apply, including templates of letters which you can personalise and send to the bank, building society; please go to…


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