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  • FIRST POST
    • Simonw200
    • By Simonw200 12th Aug 17, 2:45 PM
    • 1Posts
    • 0Thanks
    Simonw200
    Pay for loan with credit card
    • #1
    • 12th Aug 17, 2:45 PM
    Pay for loan with credit card 12th Aug 17 at 2:45 PM
    I currently have debt on my debit card and was wondering if I can get a loan to pay it off and then pay off the loan with a credit card?
Page 1
    • lynz68
    • By lynz68 12th Aug 17, 5:12 PM
    • 306 Posts
    • 288 Thanks
    lynz68
    • #2
    • 12th Aug 17, 5:12 PM
    • #2
    • 12th Aug 17, 5:12 PM
    Why not just get a credit card that allows 0% money transfer to your bank account cutting out the need for a loan?
    • enthusiasticsaver
    • By enthusiasticsaver 13th Aug 17, 2:07 PM
    • 4,416 Posts
    • 8,188 Thanks
    enthusiasticsaver
    • #3
    • 13th Aug 17, 2:07 PM
    • #3
    • 13th Aug 17, 2:07 PM
    Debt on your debit card - do you mean you are overdrawn? Much better to make a plan to pay it off rather than shuffling it over to other forms of credit. How much is it and how did you get into debt? If it is too much to repay over a few months and the interest rate is high then a 0% money transfer credit card is the best option. There will be fees though.
    Countdown to early retirement on 21.12.17 3 months to go.
    • MatthewAinsworth
    • By MatthewAinsworth 13th Aug 17, 2:24 PM
    • 2,840 Posts
    • 1,136 Thanks
    MatthewAinsworth
    • #4
    • 13th Aug 17, 2:24 PM
    • #4
    • 13th Aug 17, 2:24 PM
    Or 0% purchases and put your grocery/petrol money into loan
    • DCFC79
    • By DCFC79 13th Aug 17, 2:54 PM
    • 30,094 Posts
    • 19,049 Thanks
    DCFC79
    • #5
    • 13th Aug 17, 2:54 PM
    • #5
    • 13th Aug 17, 2:54 PM
    I currently have debt on my debit card and was wondering if I can get a loan to pay it off and then pay off the loan with a credit card?
    Originally posted by Simonw200
    Debt on your debit card, do you mean overdrawn ?

    How did it occur, really should sort out why you went overdrawn.
    Can people stop loaning money/being a guarator to family/friends, it rarely ends well and you lose out as your money is gone or you get shafted with being a guarantor.
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