WOULD IT BE FEASIBLE TO SIGN UP FOR A CREDIT CARD THAT OFFERS 12MONTHS INTEREST FREE ON PURCHASES THEN BUY A NEW ( 2ND HAND) VAN, FOR SAY £5000, MAKE REGULAR MONTHLY PAYMENTS OF AN AMOUNT THAT I CAN AFFORD, THEN AT THE END OF THE 12 MONTHS SWITCH TO ANOTHER THAT OFFERS 9 MONTHS INTEREST FREE ON TRANSFERS, KEEP MAKING THE PAYMENTS THEN SWITCH AGAIN & SO ON TILL I HAVE PAID ALL THE CREDIT OFF. I KNOW THERE WILL BE A CHARGE FOR TRANSFERRING BUT IT WOULD WORK OUT CHEAPER THAN GOING TO A BANK & PAYING 12-16% OVER 3/4 YEARS
DOES IT SOUND DO-ABLE OR AM I MISSING SOMETHING OBVIOUS
REGARDS

Right, here I go.
Basically, 3 years ago I took out a loan (and haven’t missed a payment so far). I was made redunant from my job and lloyds agreed to give me a £1500 overdraft and I had 12 months to pay off. After my car breaking, having to move and other money commitments- after 11
months I still had not paid off the overdraft. Went to the bank to ask for an extention on the time OR borrow more on my loan. Their answer = no. They couldn’t help me. They told me to borrow off family or try get a small loan from somewhere like tesco. (yes because I have family that will lend me £1500!!! NOT!) and if they won’t give me a loan then neither will tesco or anywhere else.
So I left the bank feeling worse than ever. I couldn’t risk all of my wages being swallowed by the bank so I opened a Natwest account and having my wages paid directly into there.
I have changed all d/d over to natwest apart from loan. Basically I was going to ask can I ask lloyds to change my loan repayments from my Lloyds account
to natwest as it’s a completely
different bank and it’s a lloyds loan.

Hi guyz,
iam a student in need of money 2 do my masters abroad in swizerland, basically I don’t have a full time job, I build and repair electronics and computers have been makin a lot of money in the past 12 months… When I was refused first time I was told that I don’t use my card often and since then have been using it frequently to pay bills and stuff…. Now I’m baffled why I dint get the loan if the the stafff was suprised, any ideas why? What can I do differently shall I try different lenders i.e tesco

Im a full-time student (in the UK) and i dont have a job. Can i get a credit card? I applied for one last week but it got turned down because of my credit score.

I have taken out the interest free overdraft on my student account, but otherwise dont have any debts or any credit history.

When filling in the box for annual income, i just put my student loan plus interest from my savings. Should i have included the money my parents give me monthly? Would this have made any difference to the decision?

Would it be worth applying to other credit cards to see if they decide differently? Or would being turned down by others damage my credit score? The one i applied for was tesco.

And before anyone says… i only want one so i can get one with 0% on purchases for up to a year. So i can keep the money i spend in my savings account for a year, then pay off the credit card at the end of the 0% period. I don’t plan to ever pay any interest or fees on a credit card.
Lily – im planning on getting one with 0% on purchases so i can use the credit card for all my spending, pay the minimum off each month, and keep all the money i spend in my savings account for 10-12 months.

Then just before the 0% interest on purchases period ends, ill take the money out of my savings account and pay off the card. That means i get to keep the interest from having it in my savings account, so around 4% of the average debt on the card over the year. I figure that’d be around £50 just for using a card to pay for my shopping instead. And it would give me more protection on purchases over £100.