29-08-2014, 02:57 PM
You're bang on the money, can do that no problem... However, they're banking on you forgetting to move it all round and charging you through the nose for the privilege.
Essentially if you're absolutely proactive and ontop of it, that's the way to do it, I know someone decided to buy a £12k car on credit cards, but with shopping round for the cheapest 0% balance transfers, he's now better off leaving it on credit cards paying the minimum amount and just moving it round - he's got the money to pay off tomorrow, but what's the point if it's cheaper to leave it on the card!
Remember though you can get some stonking personal loans if you shop around, they're around the same as Mortgages which is just insane! A personal loan at the same interest rates as a Mortgage - WTF!!!
Essentially if you're absolutely proactive and ontop of it, that's the way to do it, I know someone decided to buy a £12k car on credit cards, but with shopping round for the cheapest 0% balance transfers, he's now better off leaving it on credit cards paying the minimum amount and just moving it round - he's got the money to pay off tomorrow, but what's the point if it's cheaper to leave it on the card!
Remember though you can get some stonking personal loans if you shop around, they're around the same as Mortgages which is just insane! A personal loan at the same interest rates as a Mortgage - WTF!!!
