Pay for loan with credit card

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Simonw200
Simonw200 Posts: 1 Newbie
in Loans
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?

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  • lynz68
    lynz68 Posts: 323 Forumite
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    Why not just get a credit card that allows 0% money transfer to your bank account cutting out the need for a loan?
  • enthusiasticsaver
    enthusiasticsaver Posts: 15,594 Ambassador
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    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.
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  • System
    System Posts: 178,094 Community Admin
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    Or 0% purchases and put your grocery/petrol money into loan
  • DCFC79
    DCFC79 Posts: 40,598 Forumite
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    Simonw200 wrote: »
    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?

    Debt on your debit card, do you mean overdrawn ?

    How did it occur, really should sort out why you went overdrawn.
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