Yet you need an overdraft.
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6 years ago
All I wanted was an overdraft...
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6 years ago
Oh. Overdraft declined?
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6 years ago
Most local authorities ran their own lotteries. There was always a kiosk on Worthing promenade selling tickets to raise money for local things. The prizes were modest, but as soon as the National Lottery started people stopped buying Worthing lottery tickets and it folded. The same happened all over the country.
People are definately motivated by the thought of mega-prizes, but fail to appreciate the massively increased odds.
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6 years ago
I'm sure you just ask mommy for the money.
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6 years ago
Use the credit card for all your everday spending as far as possible - you won't pay interest on it unless you don't pay it all back by the due date whereas if you borrow cash, inerest is charged from day one.
If that still hasn't freed up enough cash in the current account when the time comes to pay for the car, can't you pay for part of it using a credit card?
Might depend on if it's a private sale or a dealer.
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6 years ago
She died about twenty three years ago -a few months after daddy so, no I don't.
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6 years ago
In article , "Dave Plowman (News)" writes
Haven't you? We've had 15 if you include my ex-demo Defender which had
10 miles on the clock and had never been out the showroom. If it weren't for people like me there'd be no second hand cars for you to buy.- Vote on answer
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6 years ago
The point of the wonga loan is that it's available for a week or two. The apr therefore looks crazy but that isn't what it's for. If you are a bit skint you can get to the end of the month and have to pay late charges on cards, on a phone account, at £10 or £20 a time, maybe unauthorised overdraft charges, hiked interest as well, all for being a week behind and you will pay a lot more in total than if you go to a payday loan provider.
TW
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6 years ago
Actually if you are getting into trouble Barclays and Lloyds will start to increase your costs and rob you as fast as they can, knowing you can't afford to pay it back.
TW
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6 years ago
That doesn't help me to get the extra I need near immediately.
The deal I hammered out included paying by bank transfer, not credit or debit card.
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6 years ago
I very much doubt I'd be interested in the sort of cars you'd buy new. Certainly not an agricultural vehicle like a Defender. But then I live in London, not a farm.
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6 years ago
Quite. When looking into this, I was surprised just how much an unauthorised overdraft could cost these days. Some certainly pay for 'free' banking now.
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6 years ago
Then transfer from the card to the account you pay the transfer from using PayPal for free.
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6 years ago
NO! Paypal will charge 3.4% (plus 20p!) from a credit card and the C/C will likely treat it as a cash advance so you'll start paying interest from day 1, not from the statement date ...
Some banks allow a money transfer direct between credit card and current account, but again check fees and rates ...
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6 years ago
The key here is unauthorised. You are comparing taking someones money without permission with taking someones with permission. If you ask the bank for an overdraft and they say yes then its much cheaper than the likes of wonga.
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6 years ago
I've often thought this too.
Loan companies have to provide an APR which includes any fees to setup the loan.
I have never understood why banks seem to be immune to including these fees in any APR calculation.
Same for mortgages too.
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6 years ago
prices of wonga et al. They just refuse to loan. As bad as payday lenders a re, they're still an improvement on illegal loan sharks, which is why they' re permitted.
Sure, but clearly there are a couple of things wrong with that picture.
NT
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6 years ago
do they charge over 500%?
NT
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6 years ago
Unauthorised overdrafts have always been expensive.
My bank gives a £250 free overdraft, then £1.50/day up to £1200, followed by £1000 of emergency borrowing for £5/day, it has a £15 buffer zone where you won't be charged extra between the tiers.
Higher overdraft limit is available for 1.5%/year arrangement fee
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6 years ago
My Paypal account is set to do a direct debit from the said bank account anyway. Although does have a credit card as a secondary source.
I'm rather obviously wanting the cheapest way of borrowing this money for a short time. Likely no more than two months, or even less. And don't want to go to the bother of getting it from investments.