stan_the_man
Member
Registered: 14th Feb 07
Location: Perth, Western Australia
User status: Offline
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I have a wee bit of debt to pay off. Phone bill / overdraft and a few other odds and sods.
Whats the cheapest method of borrowing money, other than actually borrowing money off someone?
Bank loan?
Credit card?
Anyone seen any good deals?
Looking to borrow £1500ish
Cheers
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csweatherston
Member
Registered: 16th Jan 06
Location: Devon
User status: Offline
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credit card...
then open a new card and transfer the balance. with a O% apr for 15months.. 16.9% therafter.
done.
thats what i did anyways lol, after the 15 months is up i may transfer again.
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stan_the_man
Member
Registered: 14th Feb 07
Location: Perth, Western Australia
User status: Offline
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How do i pay that off?
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Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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You'll have to repay the min amount each month to prevent paying interest, its never that much though.
I think interest free on purchases credit cards are slim pickings these days though, might be wrong.
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Russ
Member
Registered: 14th Mar 04
Location: Armchair
User status: Offline
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they still exist, but you cant use it for cash a lot of the time 
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stan_the_man
Member
Registered: 14th Feb 07
Location: Perth, Western Australia
User status: Offline
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I like the sound of csweatherston's idea.
Transfer the 1500 or so into my current account, pay all my stuff off, then set a direct debit up over the remaining time...
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DizzyRebel
Member
Registered: 2nd Jan 09
Location: Lincoln
User status: Offline
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You cant get a 0% transfer card and pay everything off on it and have 15 months interest free - thats not how they work. balance transfer cards only offer 0% on actual transfers from an existing credit card, using them for spending is actually very expensive.
Best way to do it is a bank loan, tell them its for consolodation and if you have a good credit rating you might only pay £150 interest on a £1500 loan over 2 years
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John
Member
Registered: 30th Jun 03
User status: Offline
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You can get them, companies do super balance transfer which is into your bank account (virgin did, think they still do) with normally a flat rate fee of a couple of percent with interest free for X months.
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stan_the_man
Member
Registered: 14th Feb 07
Location: Perth, Western Australia
User status: Offline
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Just checked moneysupermarket and i can get £1500 for £1711......
Hmm.....
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radicalry00
Member
Registered: 16th Mar 07
Location: West Yorks Rides: Suzuki SV650
User status: Offline
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I'm wanting to get a loan for about £2500 for a motorbike but the lowest rate I can get so far is 18%!
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stan_the_man
Member
Registered: 14th Feb 07
Location: Perth, Western Australia
User status: Offline
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The annoying part is i get paid every 4th thursday, as opposed to every month.
It makes paying it back a tad difficult!
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BarnshaW
Member
Registered: 25th Oct 06
User status: Offline
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i got my dad to take out my loan as he got it at 8% apr, for me even though i have never ever had a bad credit rating the best they could do me was 17% apr. so i just pay back my dads loan.
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antscorsa
Member
Registered: 11th Aug 02
Location: london
User status: Offline
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quote:
Originally posted by radicalry00
I'm wanting to get a loan for about £2500 for a motorbike but the lowest rate I can get so far is 18%!
you tried sainsburys bank?
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