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Best way to get a loan of £20,000 with 0% interest (employed)

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135

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  • wis wrote: »
    As for paying the £1100 monthly, I can manage that. Thats what the loan is for - I will have an income stream. The first few months, £1100 can come out of the loan itself or from my salary (only first few months cos of my tiny salary). Then, it will be making enough money to pay the loan off. And if all else fails, they always have the option to forclose.

    My flabber is gasted! Are you actually for real?
    You want a loan and you will pay for the loan with the loan :rotfl:and when that fails, you'll get 'em to foreclose!! :rotfl:
    Oh my giddy aunt, somebody please tell me this is a troll thread - then order can be restored! :)
  • wis wrote: »
    ...Educate or leave cos its easy to derail a thread.

    I'm still fascinated by your financial acumen. Out of curiosity what do you want £20k for?
  • DCFC79
    DCFC79 Posts: 40,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 20 February 2012 at 7:09PM
    wis wrote: »
    I could wait a year and save my salary but I need the 20k within 2 months, not within the year.

    Ill ask again, what is so important you want the loan within 2 months ?
    I'm still fascinated by your financial acumen. Out of curiosity what do you want £20k for?

    I asked that very question earlier(and for a second time too) on in the thread but no reply was forthcoming but i imagine we wont get a reply.
  • wis
    wis Posts: 5 Forumite
    DCFC79 wrote: »
    Ill ask again, what is so important you want the loan within 2 months ?



    I asked that very question earlier(and for a second time too) on in the thread but no reply was forthcoming but i imagine we wont get a reply.

    It doesnt matter. Its nothing illegal. Its just a business opportunity and I had already stated earlier that "Thats what the loan is for - I will have an income stream. The first few months, £1100 can come out of the loan itself or from my salary (only first few months cos of my tiny salary). Then, it will be making enough money to pay the loan off".

    Just take it that I am looking for a career change and from my spouse's perspective, I have a whole year before I start helping again. So for the year I can start something I had been wanting to do with my salary - Only I need more money now instead of 12months later.
  • Cell
    Cell Posts: 584 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    wis wrote: »
    It doesnt matter. Its nothing illegal. Its just a business opportunity and I had already stated earlier that "Thats what the loan is for - I will have an income stream. The first few months, £1100 can come out of the loan itself or from my salary (only first few months cos of my tiny salary). Then, it will be making enough money to pay the loan off".

    Just take it that I am looking for a career change and from my spouse's perspective, I have a whole year before I start helping again. So for the year I can start something I had been wanting to do with my salary - Only I need more money now instead of 12months later.

    A degree of logic there, I suppose, but as I posted above without using your spouse's income as part of the plan you have no chance whatsoever.
  • Cell
    Cell Posts: 584 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    wis wrote: »
    It doesnt matter. Its nothing illegal. Its just a business opportunity and I had already stated earlier that "Thats what the loan is for - I will have an income stream. The first few months, £1100 can come out of the loan itself or from my salary (only first few months cos of my tiny salary). Then, it will be making enough money to pay the loan off".

    Are you putting it on black or red?:wink:
  • 27col
    27col Posts: 6,554 Forumite
    Why would anyone want to lend you £20,000 interest free? What's in it for the lender. Apart from having a good chance of never getting their money back.
    I can afford anything that I want.
    Just so long as I don't want much.
  • oldhand
    oldhand Posts: 3,749 Forumite
    Part of the Furniture
    Its either the one for the pilots licence or the leg stretcher or the "mens appendage" stretcher for the movie roles............:cool:
  • Peelerfart
    Peelerfart Posts: 2,177 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Am I the only who thinks the OP has a cunning plan?
    Space available for rent
  • meer53
    meer53 Posts: 10,217 Forumite
    Tenth Anniversary 10,000 Posts Combo Breaker
    I can't wait till his wife finds out ! Lies in a relationship ? Never a good idea. Especially lies about 20k ! Poor woman. She works to pay ALL the bills whilst HE plays at being a Tycoon !
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