At 20:16:24 on 01/03/2007, Gordon H delighted uk.finance by announcing:
Sure is. But you said "If I can't afford something, I reason that I can't afford to borrow the money and thus pay even more for it." You may by all means amend that to allow yourself to use interest-free credit. :-)
Alex writes
You are absolutely right!
Don't forget I saved up 50%......
Well I've been in contact with Egg and as I thought they treat the balance transfer fee as separate from the amount borrowed, and interest is payable at the standard rate on this. And of course you're unable to pay off the balance transfer fee until you've paid off the balance transfer.
This bit should really be mentioned up front or in the t&cs.
I think I'll be going elsewhere in future.
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