We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Loan Balance transfer to Credit Card.
davewoolnough
Posts: 1 Newbie
in Credit cards
I have discovered recently that my daugther has 41% APR loan!
I want to help her as her credit rating is low and mine is okay. I want to pay the loan off, but I want to spread the cost.
Is there a way I can take advantage of 10 mths interest free using a new credit card account such as Barclay card?
The loan company will not take credit card payments.
Your help/advice will be most appreciated... ta.
I want to help her as her credit rating is low and mine is okay. I want to pay the loan off, but I want to spread the cost.
Is there a way I can take advantage of 10 mths interest free using a new credit card account such as Barclay card?
The loan company will not take credit card payments.
Your help/advice will be most appreciated... ta.
0
Comments
-
You'll need a credit card offering Super Balance Transfers .0
-
I tried to do this with an HSBC loan transfer to a HSBC credit card but the charges were so high and interest is added to the credit card due to it technically being a loan. My only option (and the way i payed it) was to open an alliance and leicester account and take advantage of there 0% 12 month overdraft.I was allowed £350 and used that to pay off most of the loan. HTHIf i helped in any way feel free to press thanks !
Member of the £2 coin saver club...total =£20
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards