getting 0% card to pay off overdraft

vwnut

Hello,

First time on here so be gentler, basically i have a maxed out overdraft on my hsbc graduate account that next month will be changing to a standard account which means they will be charging around 19.9% on any overdrawn balance, look on this site ive seen the super balance transfer using a virgin credit card which has 0% and a small handling fee.

Am i right in thinking that if i got one of those cards i could transfer the money into my current account hsbc which would then clear my overdraft then just pay of the credit card over the next 14months, my income would alow me to do this

any advice ideas?

Tixy

Yes, if you could get any SBT card with a sufficent balance then you could do exactly that. As you are aware there is a small balance transfer fee.
Obviously whether you will get an SBT card depends on your credit history and you personal financial situation.
For a list of other SBT cards have a look here - http://www.stoozing.com/sbt.php

If you could afford to pay it off in 13months then egg charge a lower transfer fee.

vwnut

Tixy wrote: »

Yes, if you could get any SBT card with a sufficent balance then you could do exactly that. As you are aware there is a small balance transfer fee.
Obviously whether you will get an SBT card depends on your credit history and you personal financial situation.
For a list of other SBT cards have a look here -

If you could afford to pay it off in 13months then egg charge a lower transfer fee.

I could do that no problem, i could shift it in six months. Thanks for the repsonse, i only have the overdaft to shift nothing else. which egg account would i need?