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Loan Advice? Hmmm

2K views 24 replies 10 participants last post by  inkaholic 
OOOH OOOH OOOH!!!

Get a credit card.
Use pay pal to send yourself CASH (maxing the limit on the card).

Then get another credit card, with an introductory 0% transfer for x number of months / years.
Transfer the balance of the first card to the second card...

Voila. Instant 0% finance loan.
Probably wont give you as MUCH as you require, but you should be able to get something...
 
You get two credit cards.

You use PayPal to max that card out, by sending it to yourself.
You now have a PayPal with money in, that can be deposited in to your BANK account.

You then use the second credit card, to do a 0% balance transfer.
This pays off the first credit card, and allows you to make 0% re-payments for up to 2 years on the second card.
 
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I get ya but why what ya mean 0% repayment on second card? dont you still have to pay back on the other card you used to pay of first
Yes, but many credit cards give you 0% interest when you transfer the balance from one card to the new card.

It's their way of attracting new customers...
But so long as you pay it off before that period runs out, then you get 0% finance.

Essentially you COULD just keep transferring the balance from card to card to card.... but it will eventually catch up and catch you out if you aren't careful.
 
Or, if you want credit rating:

Get a credit card.
Withdraw cash.
DONT SPEND CASH.
Pay cash back.
= instant increased credit rating ;)
 
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