Short term loan

new2it

I need to borrow about £2,000 as part payment towards a car. I'll be able to repay the full amount inDecember when I'll receive a lump sum of money. I'm gathering money together from a variety of sources, (old car and savings) but still need this £2,000. I had thought of doing this through a credit card, ie, drawing the cash out from a credit card, preferably on a 0% deal, then paying the minimum back until December, but I'm beginning to think this isn't feasible. I need to do this next month as I have a guaranteed buyer for my old car, prepared to pay a good price.
Anyone out there able to advise please. THanks

darkcloudi

With credit cards you will get charged a cash advance fee and this is not considered as a balance transfer or a purchase to be entitled to a 0% offer.

Certain cards that allow stoozing which gives you 0% on transferring the credit card balance can be found here ( look for the SBT cards ):

http://www.stoozing.com/0fees.htm

This would be the best option to go for if the amounts for a short period. Getting £2000 as a credit limit will be dependent on your credit rating with the company.

new2it

Thanks for the info. But what is stoozing. It's not something I've come across before.
Cheers

tom188

see http://www.stoozing.com/g_stooz.htm