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Can i pay of HP with Credit card?
wharty
Posts: 426 Forumite
in Credit cards
Is this possible as i want to pay off a car loan(HP) by transfering it to a 0% credit card.
I thought i read somewhere you can't pay off debt with credit?
Thanks.
I thought i read somewhere you can't pay off debt with credit?
Thanks.
0
Comments
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might be able to but i think they will charge you a percentage for the transaction mayeb someone will be alomng who can answer that one.0
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in general you can't pay off a loan with a credit card
however some credit cards e.g. MBNA stable allow you to BT to your currrent a/c and hence you can use the money to clear the debt.
so if
-you can get a suitable card with a 0% BT offer
-with a sufficient credit limit
-and you have a plan for when the 0% deal runs out and starting charging 25-30%
then it may be a goer.
but do the maths first0
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