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Looking for Loan to pay off credit card
Hi guys new here
got approximately £3000 in credit card debt and lookin for a loan to pay it off. it has got a little cash advance (silly i know but im facing up to it and paying it off) so looking for loan so i dont get charged mega interest on the card.
any reccomendations? i have a low to medium credit rating i think.
many thanks guys.
got approximately £3000 in credit card debt and lookin for a loan to pay it off. it has got a little cash advance (silly i know but im facing up to it and paying it off) so looking for loan so i dont get charged mega interest on the card.
any reccomendations? i have a low to medium credit rating i think.
many thanks guys.
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Comments
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Hi guys new here
got approximately £3000 in credit card debt and lookin for a loan to pay it off. it has got a little cash advance (silly i know but im facing up to it and paying it off) so looking for loan so i dont get charged mega interest on the card.
any reccomendations? i have a low to medium credit rating i think.
many thanks guys.
Hi Tbag,
Rather then getting a loan to pay it off, have you looked into switching it to an interest free credit card? This way you would save on the interest.
SarahI am a Debt Counsellor that works for the CCCS and have specific permission from Martin, to post on these boards to try and help those in debt. Read more information on the CCCS and what it does in the Debt Problems: What to do and where to get help article.
CCCS is a registered charity, and there is no charge whatsoever for any of the services we provide to our clients. We take great pride in offering first class help and advice, but we only offer this where we have been able to fully explore and understand your circumstances with you. We want to help you understand these choices and their possible implications but not make them for you.
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hi sarah no i have not thought about that at all, could you explain for me?
sorry for being thick lol0 -
It's simple...easie peasy..
Most card companies offer 0% on balance transfer.
Basically, you apply for a new card. If accepted, your new card company pays off this 3k debt (subject to ur new limit etc). i.e. debt is transferred over to the new card at a 0% rate for 12months for example. If you can clear this balance in 12 month, you pay no interest. After this period, if any balance still exist you are charged say 15.9%
I suggest you review the main section of this site. There is a section of balance transfer.
You would see recommendation of card companies etc0 -
thanks guys.
which is the easiest card to get accepted on for a balance transfer?
would my bank give me the loan ie halifax? even though i have a halifax credit card?
cheers0 -
You may be tempted to spend on the card again so you'd be stuck with a loan and credit card payments.
You can check out the credit card section on the main part of the website to see if there is anything that might be suitable for you.Started PADdin' 13/04/09 paid £7486.66 - CC free 02/11/10
Aim for 2011 - pay off car loan £260.00 saved
Nerd No. 1173! :j
Made by God...Improved by the The Devil
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