Loans
#2
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Northern rock sent me a leaflet through the post last week offering a rate of 5.9% dont think you'll find too much better than that. Sorry the leaflet went in the bin so cant pass on details. Probably get another next week though
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Originally Posted by davegtt
Northern rock sent me a leaflet through the post last week offering a rate of 5.9% dont think you'll find too much better than that. Sorry the leaflet went in the bin so cant pass on details. Probably get another next week though
Just on their site at the moment
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Be Card Tart , get a 6 month interest free card, 6 months time transfer the balance to another interest free card. on and on and on. I think RBOS did a 12 months free.....
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Originally Posted by Bateman
Be Card Tart , get a 6 month interest free card, 6 months time transfer the balance to another interest free card. on and on and on. I think RBOS did a 12 months free.....
#9
lets work it out, you get an interest free card for 6 months, credit upto 5k, take 3000 cash out or transfer to your bank. in 6 months they want to start charging interest so you transfer the balance to another interest free card. keep on going. Now this is good because if you find your self skint one month you can make a minimum payment ....
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suppose it'll work, do a balance transfer from the card to your bank account, still means you get charged say 2.5% of the amount (seems to be the new default cost) then move again after 12months but again being charged another 2.5%.
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Originally Posted by Bateman
lets work it out, you get an interest free card for 6 months, credit upto 5k, take 3000 cash out or transfer to your bank. in 6 months they want to start charging interest so you transfer the remaining balance to another interest free card. keep on going. Now this is good because if you find your self skint one month you can make a minimum payment ....
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#12
Originally Posted by davegtt
suppose it'll work, do a balance transfer from the card to your bank account, still means you get charged say 2.5% of the amount (seems to be the new default cost) then move again after 12months but again being charged another 2.5%.
#14
Originally Posted by davegtt
And how many credit card companies are doing this now? a 3k transfer will cost you about £75 after 6 months his balance will be £2000 to pay off and get charged £50 then after 6 months £1000 transfered to another card, £25 charge again, small amount of interest over all to pay for in the end.
on the nail mate, best off walking down the high street and getting leaflets, loads of card companies on the net. just have to manage it effectively.
Nothing wrong with Card Tarting, ask any Banker
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Things might have changed since I last did this but isn't transferring from card to bank a cash advance? this may not come under the 0%.
Also when I did it the 2% charged for this action was capped at £40. Probably isn't now.
Also when I did it the 2% charged for this action was capped at £40. Probably isn't now.
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Originally Posted by orbix
Things might have changed since I last did this but isn't transferring from card to bank a cash advance? this may not come under the 0%.
Also when I did it the 2% charged for this action was capped at £40. Probably isn't now.
Also when I did it the 2% charged for this action was capped at £40. Probably isn't now.
I do still keep seeing no-end of loan ad's on TV tho - even with Carol Vorderman in one "struggling to pay off all your loans? well take out another loan to pay them and you'll be fine!!"
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I can't remember what you call it but I should have made use of the practise of moving money from a card into a high interest account and then moving from card to card while the money is earning you a small packet in interest.
I know some people have made 1000's by doing this.
I know some people have made 1000's by doing this.
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