Best Way to get 1500 cash?

ummiesbump

My sister needs 1500 to buy a car, probably by private sale and so will need cash. We have absolutely no experience of loans/credit cards so can someone give us an idea on how best to do this. She thinks she has a good credit score (catalogues etc.) and will be good at paying it back regularly, prob about £150 - £200 a month. Whats the best way to do this and how much will it cost?

thanks in advance

knuckledragger

ummiesbump,
stooze the cash on a 9 month 0% deal from a Virgin credit card for example.
At the payback rate you show, you should be able to pay it all back within the 9 months. Remember to set the money into a savings account each month and pay Virgin only the £5 minimum payment. Then when the 9th month arrives, pay it off completely with the cash you have saved. Iron will needed not to spend it in the intervening period!

DaveK

I used to use Egg for this (I think they charge now), I would do a SBT (Super Balance Transfer) of £1500 into your current account with the 0% opening offer. Look on this forum for 0% Credit cards with no Balance transfer fee, and see if they do SBT's

knuckledragger

DaveK,
erm, didn't I just say that?

ummiesbump

Cheers for that info. will pass it on.

ta!!