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Author Topic: Interest Free Loans  (Read 2996 times)
kerry red

« on: Tuesday, July 8, 2014, 15:12:05 »

Managed some financial gymnastics to get a interest free personal loan.

Applied for and got a new credit card with a 2 year 0% interest free period on purchases.

Set up 2 PayPal accounts, 'bought' something off myself via EBay, paid with new credit card and took out the money interest free!

Knock her bandy!!
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pauld
Aaron Aardvark

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« Reply #1 on: Tuesday, July 8, 2014, 15:13:41 »

You didn't email DMR about buying his car via PayPal this morning did you?
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kerry red

« Reply #2 on: Tuesday, July 8, 2014, 15:16:15 »

I already pointed him in the direction of my Nigerian friend about that!
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4D
That was definately my last game, honest

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« Reply #3 on: Tuesday, July 8, 2014, 15:16:25 »

Are you posting it, or collecting in person?
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Samdy Gray
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« Reply #4 on: Tuesday, July 8, 2014, 15:30:51 »

Or you could've more than likely just done a money transfer from the credit card to your bank account.
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Bewster

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« Reply #5 on: Tuesday, July 8, 2014, 15:34:37 »

Or you could've more than likely just done a money transfer from the credit card to your bank account.

 Clap
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kerry red

« Reply #6 on: Tuesday, July 8, 2014, 15:40:05 »

Or you could've more than likely just done a money transfer from the credit card to your bank account.

That's what I thought but the bank I used wouldn't accept a credit card payment
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tans
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« Reply #7 on: Tuesday, July 8, 2014, 15:45:40 »

Hi jed
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kerry red

« Reply #8 on: Tuesday, July 8, 2014, 15:46:59 »

Fuck me, that's some insult. Cheers!
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Levi lapper

« Reply #9 on: Tuesday, July 8, 2014, 15:47:16 »

And you will be charged a percentage as buyer and seller by paypal??

Got any more financial advice?
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@MacPhlea

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« Reply #10 on: Tuesday, July 8, 2014, 15:48:23 »

Managed some financial gymnastics to get a interest free personal loan.

Applied for and got a new credit card with a 2 year 0% interest free period on purchases.

Set up 2 PayPal accounts, 'bought' something off myself via EBay, paid with new credit card and took out the money interest free!

Knock her bandy!!

So you've paid ebay fee's and paid the paypal fee's - not strictly interest free... Wink

Nothing in life is free my friend - they even get you on the transfer fee when switching cards or paying into bank accounts... would have been better of just buying what you need with the card...
« Last Edit: Tuesday, July 8, 2014, 15:50:17 by @MacPhlea » Logged
kerry red

« Reply #11 on: Tuesday, July 8, 2014, 15:49:17 »

Cost £60 to get £2000 .

Used the £2000 to get my LTV ratio on a mortgage down below 85% to get a better interest rate.

Saving me over £4000 over 3 years
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@MacPhlea

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« Reply #12 on: Tuesday, July 8, 2014, 15:51:55 »

and when they discover you have a credit card with 2 grand on it they reduce what you can borrow by 8 grand
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kerry red

« Reply #13 on: Tuesday, July 8, 2014, 15:53:20 »

It's all been arranged. I paid the 2 grand off the existing mortgage and got a better interest rate.

Don't ask me why but Nationwide would not accept a credit card payment to pay off a bit of the mortgage
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Levi lapper

« Reply #14 on: Tuesday, July 8, 2014, 15:53:25 »

But you will have to fess up to having an additional £2k of unsecured personal debt no?
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