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Can I pay off a personal loan with a credit card?

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Comments

  • Lesa08
    Lesa08 Posts: 5 Forumite
    Thank you for all your help, im going to keep going with the loan & re look at finances!
    xxx
  • RachaelE
    RachaelE Posts: 8 Forumite
    Have you thought about taking out a different loan with a better interest rate?

    This might work out cheaper than using a credit card, as they usually have higher interest rates, especially after special offers come to an end and you can't find a better deal elsewhere.
  • oilrag
    oilrag Posts: 48 Forumite
    it works well if you have alto of spare monthly income because you can overpay with a card which you cant with most loans.

    ALSO be careful because my plan was to switch to another 0% card after mine ran out with mbna and i got declined with a few companies so had to go onto their 18% which then went up agin to 29.9% after complaining many times i got no co operation from them and never missed a payment so how they can put the rate up so much is crazy!i hear the same story from many others

    BEWARE MBNA!
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