Cheap Credit Card Loans Discussion Area

allstemp

Hi there

I need to get a £5,000 loan as cheaply as possible.

However I don't have brilliant credit.

Would you recommend a low interest secured loan or a 0% for purchases credit card?

It is to pay for a new bathroom. I need to pay £3,000 for the work (cash in hand) and pay B&Q for the suite and hardware.

Look forward to hearing your recommendation

thanks regards

Burnard_Towers

Following the procedure described here for getting 0% loans via a card and Egg Card works up to a point... but today I hit a minor problem. Apparently you can only make an free balance transfer from your Egg Money card to your current account if the amount is less than 1000. You can however do this every day, so if you are willing to go through the nuisance of identifying yourself to their telephone robot over and over again you can still transfer larger amounts! When I pointed this out to the Egg person who took my call, he went and consulted his supervisor, and "as a special favour" transferred the full amount I wanted (5000) free anyway. So politeness and perseverance pay off....

andycarmi

Just been offered by my egg credit card a balance of £5,500 interest free for 15 months. then a further 5 months interest free on the aniversary.


I am thinking of re doing my bathroom and need around 2500 to do this. So do I balance transfer the 2500 from my egg credit card. Then set up a standing order to one of my accounts ready to pay it off after 15 months (which I can afford to do). This I think will be a very low interst rate loan for 15 months. Or because i'm only thinking of doing the bathroom work (and these things take time) is it better to just take out a 2 year loan?

Any suggestions/advice welcome!

ikesouth

Hi everyone,
This is my first 'post' so be gentle with me!
I recently decided it was time to get a new car as I have had mine around 2 1/2 years now. I took out a loan to purchase my current car through Virgin at 6.9%, which I thought was a great rate considering I was only just 19 at the time and had no other big dealings with credit.
However, when applying for loans now, I get through to the application stage and the lowest APR's I am being offered are around the 13-14% mark. I thought this was way too high and therefore investigated further through Experian. Apparently my credit score is showing as 'fair' due to late payments made to 'Additions Direct'. I can only remember one of these late payments as I completely forgot to pay, it was not that I couldn't pay. I am in the process of 'sorting this out' with Additions seeing as though it has had such a big effect on my credit rating. Also would like to know my Account history and try to rectify the so called other late payments.
Seeing as though scenarios such as this stay on the credit report for so long, will I find it hard to get a good APR rate loan for the near future?
I am looking to borrow between £4 and 5k, so if anyone has any advice on how best I can do this, I would grately appreciate it.

Thank you!

Geone

I'm new to this just wanted ask what's the best way about going about getting a small loan for a PC say about £400 quid do I go to loan company or do buy now pay in 6 months any decent advice would be very fab as I'm confused about the whole thing mind, you I'm only on the thinking about it stage at the mo.
Thanks

mister_bojangles

A loan for £400? Why? You haven't got a credit or debit card? There are many credit card companies with all sorts of 0% deals. Spend some time online. Start with www.moneysupermarket.com. :T

naruts

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micktho_2

We have read through Martins instructions to get a laon on a credit card. However we are confused as he recommends borrowing from either barclays or itunes cards which are best balance transfer cards at low life of balance rates. Surely if we borrow from these cards we will be charged higher rates e.g 15.9% as we are not tranfering from one card to them which would be a balance transfer?????

Very confused please help?
Sarah

agnosia

I am looking to take out a loan to buy a piece of Land at auction. The land does not have planning permission and so I cannot get a conventional mortgage.

I need to borrow the money before the auction however if I don't get the land I would be looking to repay the loan almost immediately. Can anyone tell me how to calculate the Early Repayment fee? I have been quoted 2 months interest. What would this equate to on a £9000 loan over 7 years @ 7.7% interest rate?

I also intend to borrow approx £3000 from my barclaycard (£3600 is the credit limit on this card) using the BT - Egg money system.

n3phi1im

If I get the 'debt' card, can I transfer the balance to a Egg Money card held by my girlfriend or does the Egg Money card also have to be in my name?