In the UK, I have heard that you can get loans for 0% interest rate for a short period (6-9 months). Anyone knows about this?
2006-11-15 07:53:52 · 12 answers · asked by Dilbert 1 in Business & Finance ➔ Personal Finance
I am aware of balance transfers, what i wanted to know if anyone is aware of 0% loans on C cards
2006-11-15 08:58:20 · update #1
Is this the fantasy forum?
2006-11-15 07:55:34 · answer #1 · answered by Bean counter 3 · 0⤊ 0⤋
Don’t touch it! You might get an initial lone from a credit card at 0% interest but if you are late on a payment (and the credit card company will make sure your late) they will start charging you an outlandish amount of interest and a late penalty. If you do take it out always send your payment in on time; give it at least 5 business days, and always send it registered mail so they have to sign for it and you get a receipt in the mail, when its signed for, a few days later. Credit card companies are almost all a rip off. If you need a small loan you might try a finance company or a bank but don’t get a loan for more than you need to get you out of a bind. You can end-up paying for it for years and even decades.
2006-11-15 08:08:15 · answer #2 · answered by wzant1 2 · 0⤊ 0⤋
This is a simple one. Open up a credit account and max out the card.....then open another one that is extending a 0% interest on all transferred balances and transfer the balance from the first one....then, cancel the first one. Then you have your loan with 0% interest. good luck.
2006-11-15 07:56:25 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You have to already have the debt on another credit card and then move it across to the new card with 0% interest. The money from the other card will not be charged any interest on it until 6-9 months time. The snag is they charge you 2% to move the debt across to their card.
2006-11-15 07:58:29 · answer #4 · answered by patsy 5 · 1⤊ 0⤋
Yes - a switch between them all the time. Try www.moneysupermarket.com. Alternatively just type 0% interest credit card into google!
2006-11-15 07:55:32 · answer #5 · answered by adamseymourdavies 2 · 0⤊ 0⤋
capital one is doing 18 months interest free on balance transfers but as far as i know, no-one is doing a straight loan without interest.
2006-11-15 07:57:02 · answer #6 · answered by magicalle 4 · 0⤊ 0⤋
you desire to seem for the least expenditures of interest... and the smallest quantity of circumstances that it somewhat is compounded. If there doesnt look a distinction, using a credit card the place you may get airmiles would be a intense-high quality option...
2016-12-10 09:47:10 · answer #7 · answered by kulpa 4 · 0⤊ 0⤋
www.fool.co.uk has great info on all personal finance including 0% credit cards
2006-11-15 07:57:44 · answer #8 · answered by selchie_1 2 · 0⤊ 0⤋
hi
2006-11-15 15:05:02 · answer #9 · answered by Anonymous · 0⤊ 0⤋
get a lot and keep swopping them overto each other
2006-11-15 07:57:11 · answer #10 · answered by beegeecee 2 · 0⤊ 0⤋