Short Term Loans: how to get them interest free Discussion Area

lordhjt

There appear to be a rash of new cards available e.g. virgin, capital one, mnba variants, that offer 0% transfers to bank current account with only 3% arrangement fee. The 0% lasts between 12-15months. By using these cards is the egg card trick obsolete, or am I missing something?

ellie_lou2006

Hello, I am in need of some advice. I have a car on finance over 5 years ending in November 2012 & want to pay the balance on the finance off to save me money, I want to pay it off at the end of february, but to do this I am a little short on my savings at the moment. I would need an extra £2000 to pay it off, I was looking at getting a £2000 interest free short term loan for possibly 10 months as I know I could pay it off in this period. How do I go about doing this? and what are my best options here? I was looking at the possibility of getting a 0% interest free balance transfer card like the Abbey Balance Card, Mint Card or Egg Card? But is this possible to transfer money from these cards into my bank account?Could you advise me on this please??

Arkadina3

Hi!!
I am new to this forum, so I hope I am asking the right questions on the correct page.
I am trying to finance my studies and I have securred an 8K Career development loan already, which I will only have to pay off 2 months after I have finished my studies, which is fine.
However, I have still a gap of £ 6000, and I need to find a way how to pay this. My initial idea was to put it onto a 0% Purchase Credit Card for 12 months, but I'd still need to pay off 3% of the over all amount, while being a student and not really earning money. Also, I would not be able to pay off all the £ 6000 by the time the 0% deal is running out, since I would still be a student for a further 2 months or so.
Would any CC Company give me credit on a 0% Balance Transfer Card , while still being a student?
Any ideas? Advice would be REALLY appreciated.

Many Thanks :j

Fill_7

hi ppl.

was hoping for some advice/clarification.

just opened a Tesco Credit Card (0% purchases for 12 mths, 0% balance transfer 6mths (2.9% fee)
credit limit £3800

just been reading about the 'card trick' using the egg money card (which i already have).
im guessing things have changed since the article was written? as transferring the £3800 balance to my egg money card will attract the 2.9% fee (£110ish) from tesco, making the process not worthwhile?

am i correct in thinking this is correct?
excuse my ignorance on this matter!

thanks

fillo

ps. is there any other way of turning the £3800 credit limit into cash?