Credit card loan

Keith_Butler

Hi,
I have 1 credit card and I now realize I pay 20% interest, I have a balance of 3,000 on it. I need to raise a further 17,000, this is for a project we have, it is a short term thing of about 1 year. after that I will be able to pay the lot off in one go, I have tried the bank and they cant help. Would it be possible by taking more credit cards on and paying the minimum.
Can any one help on the best way to do this?

CannyJock

Keith_Butler wrote: »

Hi,
I have 1 credit card and I now realize I pay 20% interest, I have a balance of 3,000 on it. I need to raise a further 17,000, this is for a project we have, it is a short term thing of about 1 year. after that I will be able to pay the lot off in one go, I have tried the bank and they cant help. Would it be possible by taking more credit cards on and paying the minimum.
Can any one help on the best way to do this?

Before taking on another 17000 of debt, it's important to realise what interest you'll pay and what the minimum repayments will be and whether you can afford them.

You need to read the other posts on here that detail options for transferring money from a credit card to your current account. Then it's up to you whether you decide to go down that road - and before you ask nobody can tell you what sort of limits you'll get on any cards.