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Card or loan? Help, i'm new to this.
Comments
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Deleted_User wrote: »Bloke with a similar problem here.
Thanks zx81 :rotfl: Did i mention i'm new to this??:rotfl:0 -
Presumably the person you are buying the motor bike from wants cash so it would have to be a money transfer card or a loan. Might be pushing it to get the money by Friday.
Personally my preference would be to sell your existing bike to the first person with the cash available at the right price. After all your seller won't wait for you to sell your bike.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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The 365 Day 1p Challenge 2025 #1 £667.95/£451.50
Save £12k in 2025 #1 £12000/£124500 -
A credit card will probably take too long. How about an overdraft? Better still, can you wait till you have sold your then just use cash to buy the new one? Explain to the seller and they might wait a few days?0
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grizzler39 wrote: »I bank with Natwest Nebulous2. I will look into that.
I don't know anything about Natwest. Given the faff they have had recently in opening new current accounts for people I wouldn't be too optimistic. Santander loans applied for in branch can be in your bank 24 hours later.0 -
grizzler39 wrote: »Hi everyone.
This is my first post here so if i am repeating a previous question, my apologies but if you have any answers or opinions i'd appreciate the help.
I am looking for the best way to buy a motorcycle.
I need to raise £1500 before this Friday (9/3/2018) to buy it.
i have a motor cycle already worth more than the one i am trying to buy and i have a buyer for it but he needs time to sell his (never thought i would be in a "chain" for a motorbike).
I'm thinking of applying for a credit card that will allow me to transfer £1500 to my bank account immediately and to pay it off in full when i sell my bike.
So, is this a feasible idea?
If so who would offer a card with an initial credit limit that i could do this on?
or, should i look at a loan instead and just pay it off when i get the money off my bike?
Thanks in advance.
You have not applied until today Evening March 5, 2018, any and want the money to your Bank A/C by Friday, March 9, 2018?? Does common sense prevail here ??
I think the possible solution is:
- Bank of Mum and Dad
- Payday loan or
- Loan Shark.0
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