Best kind of loan for me - advice please

willis

Hi,
I want to borrow around £10,000. I need to have it in my bank account (rather than use a credit card to spend it).
I want to basically borrow it for free (0% interest, no fee if the way to borrow this involves a balance transfer.), if this is possible.

The money will be tied up for around 6 months (risk free) so I want to over borrow so I can use the extra to pay the monthly repayments as I can't afford to pay them otherwise.

I also want to be able to pay all of the money off early if necessary with no penalty.

Will someone please advise what the best way to do this is? I've been looking into it but can't see a way to do it which is free and lets me put the money in my bank account, rather than just on a credit card.

Any advice appreciated.

Thanks

grumbler

The only way I know to borrow for free is by using introductory offers of credit cards. Start with reading Martins articles: Super BTs and Stoozing. See also http://www.stoozing.com/full.htm. Unfortunately, very limited number of cards offer fee-free BTs now, none offers fee-free SBT. To get the money absolutely free you must use more complicated techniqie involving a 'mule' card, that is discribed in the above articles and the guide. See also http://www.stoozing.com/0fees.htm

You must also have a good credit history to get this amount of money.