Moving virgin credit to cahoot loan?

bwatt00

I have a virgin credit card which the 0% ends and i start paying interest next month and as my credit is high so is the interest,i was wondering and to save me calling virgin as there seems to be no way of contacting them online,i was wondering as i have a cahoot flexable loan can i transfer some of my credit from my card to this loan,cahoot says i can but said i need to ask card company if they do this anyone done this before and what they did,my other option is to transfer to my barclaycard but i will not get full amount moved,any advise would be great

grumbler

If you want to transfer a debt, you only need to ask the company which you want to transfer the debt to. In your case it is Cahoot. As your loan is flexible, you can just transfer the money up to your loan limit to a current account ('withdraw funds') and then to pay the credit card balance. As simple as that. In fact it is even more simple: you can transfer money from your loan account directly to the CC account. You need to know the corresponding sort code, account number and reference: 'withdraw funds' > 'transfer to a non-cahoot account'.

Money moves from Cahoot to Virgin; debt (balance) moves from Virgin to Cahoot.