Transfer loan to Credit card

jacqui723

I am hoping that someone could advise me if it would be worth transferring a Cahoot loan of around £10,000 to a 0% interest credit transfer card.

Stoneman_2

It depends on if you can get a card that will give you £10,000 and how long into the loan you are.

I recently wanted to do this with 2 years remaining on a 4 year loan and was told by my loan company that I wouldn't save much because the interest was 'front loaded', which means that I had already paid most of it off.