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Borrowing

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malagabob | 05:09 Fri 15th Sep 2017 | Personal Finance
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I am considering borrowing some money. Not a very large amount £4000. I've never borrowed before. Is there an option to loan on a credit card, rather than withdraw and pay off at 0%
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Contact your credit card company. They may be able to help you.
credit cards tend to be high interest... best go speak to someone at your bank I think..
True.
One would have to be insane to contemplate credit card borrowing rates instead of arranging a loan with their friendly bank manager.
As for a 0% loan. That's optimistic. Any 'pay off one card with another new card offer', system, is likely to go catastrophically wrong.
This is complicated but I agree that your Bank should be your first stop......please don't use your CC !
Why insane to use a 0% credit card.
Surely that's a fantasy scenario. Free loan of £4000 ?
malagabob....you haven't said how long would this loan be for ?
if it is 0% with no time conditions etc ..but seems too good to be true ?
No...I've got a 0% credit card. When it's coming to an end transfer the balance to another 0% card.

We haven't spent anything we can't pay off though.
As I understand it taking cash on a credit card usually means paying interest. If you must use a credit card better to buy whatever you need on an interest free option – and pay the balance off within the time limit.
cash advances are sometimes treated differently to buying goods.. look into it carefully
I believe cash on CC is quite expensive so credit card is a good idea if you don't actually need cash.
Bob must answer for himself, but if he needs £4000, its more than likely that he needs cash.
The bank will advise.

If it's for goods/services you have to remember that a credit card gives extra protection.
The OP states borrowing money. A loan is not the same as simply bill paying as you go. That's why and 0% offer isn't likely to be applicable. One is probably looking at high twenties percentage.
Depends what it's needed for then.
Banko first
and then try something else

having first decided that you REALLY need the case

secured borrowing is cheaper than unsecured as there is less risk ( they sell the object in case of default)

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