transfering debt

florida10_2

I am wondering whats the best way to get rid of three overdrafts totalling about £2000. I have tried Zopa and Black Horse finance about personal loans but with no luck. Is it possible to transfer them onto a credit card? Please help I am really wanting to take control and get sorted.

Moggles_2

A few rather special cards will allow you to transfer an overdraft to them, (in other words, transfer cash from the credit card to your current account), at balance transfer rates. You need:

a card issued by MBNA (e.g. Alliance & Leicester, MBNA itself, Sony, Virgin), Egg card or the Post Office card.

A handling fee applies, but there are no other charges during the introductory 0% period

Innocent_Guy

is there anyway of doing this if you have a bad credit rating?

florida10_2

Moggles wrote: »

A few rather special cards will allow you to transfer an overdraft to them, (in other words, transfer cash from the credit card to your current account), at balance transfer rates. You need:

a card issued by MBNA (e.g. Alliance & Leicester, MBNA itself, Sony, Virgin), Egg card or the Post Office card.

A handling fee applies, but there are no other charges during the introductory 0% period

Thats great! I have just filled in an application for Virgin online but wasnt sure what to do when it asked if i wanted to do a balance transfer. It asked for credit card details that i would be transferring but im wanting to transfer overdrafts. Help?

florida10_2

Thats great news, but i have just been online to complete an application for virgin credit card but was unsure what to put when they asked if i wanted to do a balance transfer,
when i ticked yes they asked for details of the credit cards i would be transferring,
do i simply put in the card nos of the bank accounts with the overdrafts?
Thanks

florida10_2

AS you can see havent a clue how to use and reply on this site!!

Moggles_2

florida10 wrote: »

I have just been online to complete an application for Virgin credit card but was unsure what to put when they asked if I wanted to do a balance transfer....Do I simply put in the card nos of the bank accounts with the overdrafts?

IMO, it's best to wait until the new card arrives and request your transfer(s) when you call to activate. (There's a dedicated, Freefone number for this )

pre123

Moggles wrote: »

IMO, it's best to wait until the new card arrives and request your transfer(s) when you call to activate. (There's a dedicated, Freefone number for this )

this is the way to do it, just tell them you want to transfer to your bank account, which they should have from your application and money should be transfered in 5-10 days depending on card issuer

Ive used both A/L and PO card for bT and the cash was their in 3 days from both:D

florida10_2

Thank you all, feel so much better, my eczema is clearing as i type this!!
Will eagerly await the arrival of the credit card.