Thank you ,Sasha im learning a lot with you!

@SashaYanshin

Жыл бұрын

👍

Hello, was wondering in order to used a 0% balance transfer card to pay off a used car loan, would I have to use a Money Transfer credit card first then put the balance onto the balance transfer card or can I pay a loan of straight from a balance transfer credit card cheers!

hi thanks for the information

Hi Sasha, If you do use a 0% on purchase credit card to borrow money, wouldn't that make your credit score go down? I'm assuming a case of borrowing more than 25% of the available credit of the card

Good video

Great video, I’m in the uk 20 yrs old 2 incomes which aren’t massive but good enough. Haven’t had my credit card too long it’s still on a pretty low amount. I need a loan/borrow money for part of my business plan which over 24 months is basically a guaranteed return. I only need around 2-4K for it to work is this possible?

@robertingram9404

2 жыл бұрын

Guaranteed return 😂😂😂😂😂😂

Hi Sasha, I've found your channel in the last week or so. Very nice and informative videos--I'm enjoying the content you have. It doesn't seem right that you can borrow more than you need and leverage the repayment interest against a high interest savings account. Just seems odd that you can borrow £10K @ 5% interest, but instead borrow £20K and save £10K at 5%+ interest in a savings account. I'm assuming you can only do this with unsecured loans?

@SashaYanshin

2 жыл бұрын

Yeah - this was for unsecured loans and it really is weird how lenders have this huge step up in price when the loan amount crosses the threshold. One pound difference in loan amount suddenly means a 5x difference in interest rate - completely nuts.

Dear Shaza, Can you please tell me,is it possible to repay a loan with a credit card purchase.Thanks.

@SashaYanshin

3 жыл бұрын

Unfortunately the answer in most cases is no. The only way you could do it is by getting a Money Transfer credit card, putting money into your current account via the Money Transfer and then using that to repay the loan but remember there's fees associated and Money Transfers tend to be up to a max of c. 2 years on the introductory rate after which it gets more expensive.

Nationwide's loan rates were absurdly cheap (compared to most other banks). Circa 3% on £12k.

@MuzzaHukka

17 күн бұрын

Is this still on?

@Pretency

17 күн бұрын

@@MuzzaHukka no this was 2 years ago lol

How come you never mentioned 'money transfer" credit cards ? Or is there a way to transfer "purchase cards" on to 0 balance cards?

@MuzzaHukka

17 күн бұрын

You won't get 100% of what you borrowed transferred onto the next card

great video, could you do videos on best student credit cards? Thanks

@SashaYanshin

4 жыл бұрын

Will have a think on some student-focused topics. The truth on student credit cards is that there aren't any really in the UK. Vanquis, Newday and others are the most likely to accept you, but you'll need a meaty part-time job to satisfy the minimum income requirements and pass affordability checks.

@usmang3374

4 жыл бұрын

@@SashaYanshin any chance of amex accepting you if you earn less than 10k a year?

@SashaYanshin

4 жыл бұрын

There is always a chance but there's a lot more to the process than just your income level - you can always go and apply on their website to check. Amex do a soft check so it won't impact your credit profile - just make sure you pick the right product. Charge cards come with eye watering annual fees so you might want to pick one of the two cashback credit cards instead.

@usmang3374

4 жыл бұрын

@@SashaYanshin Ok I will do, i was thinking about this credit card www.americanexpress.com/uk/credit-cards/rewards-credit-card/?linknav=uk-amex-cardshop-details-browse-RewardsCreditCard

@SashaYanshin

4 жыл бұрын

If I was going for one of those, I'd pick the Platinum Cashback Everyday Credit Card. That's the cashback one that doesn't have a fee attached to it. You get 5% cashback for the first 3 months and 1% cashback after that. The one you suggested works on points, but the points are only worth about 0.5% equivalent plus you have to redeem them through one of the partners. Cashback comes in as actual cash and you get double the value! Definitely a better option in my opinion.

Quality video

@SashaYanshin

3 жыл бұрын

Thank you Derrick!

Any loans available for benefit recipients? 😭😭😭

@SashaYanshin

3 жыл бұрын

Unfortunately, the correct answer will be no as being employed and having an income are required for pretty much every form of lending and those that don't have that stipulation will generally be companies you really should avoid at all costs.

@homiekeen23

3 жыл бұрын

@@SashaYanshin I'm part time employed and part time student as well

Thank you :)

@SashaYanshin

3 жыл бұрын

👍

Can these be used for business

@SashaYanshin

3 жыл бұрын

You can use all of these with business products but the pricing and the way they work is very very different and hugely dependent on the type and size of your business. For smaller businesses, loans can be very expensive compared to personal rates, credit cards will charge without providing any perks and overdrafts on business accounts are often pitiful if you get one at all.

Surely if you have the money to pay all the loan back in two days why ask for a loan then just wait two days lmao 😂