Turning a Credit card into a loan

Nicky321

I am currently in the process of reclaiming my bank charges and it seems to be taking forever. I am claiming charges of approx £1300.00 and intended to pay off my overdrafts with the bank im claiming against when i received my refund. At the moment I am paying approximately £18.00/month in interest and service charge on these accounts but am not in a position to repay the O/Ds and close the account, so ive been searching around and wondered if this would help

http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1094822880,81886,
Turning a credit card into a loan article.

I have applied successfully for an egg money card, and now wonder what would be the best 0% interest balance transfer card.
I intend to follow the instructions and borrow £850.00 off the 0% BT card and pay off my egg card (leaving that with a balance of £850.00 CR, then withdraw the £850 to pay off my overdraft, leaving me with only one balance of £850.00 on my 0% balance transfer card.

Could anyone tell me roughly what the minimum payment would be? I will be paying the balance off as soon as I get my money back off my bank charges reclaim, this should be within the next 12 months as I started the process of reclaiming my unfair bank charges in September 2006 and handed in my AQ on 2nd December 2006 and been told I will probably get a date set in court for April/May 2007.

mountainofdebt

where are you in the process of claiming your charges back?

As a rough guide the higher the amount being claimed the longer it will take for them to settle - it seemed to drag on forever when I was claiming £2K from natwest but natwest gave me £700 with a fortnight of asking for my charges back.

Personally I think you will get your charges back soon as they seem to be willing to make an initial offer once the questionnaire has been submitted.

mountainofdebt

where are you in the process of claiming your charges back?

As a rough guide the higher the amount being claimed the longer it will take for them to settle - it seemed to drag on forever when I was claiming £2K from natwest but natwest gave me £700 with a fortnight of asking for my charges back.

Personally I think you will get your charges back soon as they seem to be willing to make an initial offer once the questionnaire has been submitted.

Nicky321

mountainofdebt wrote:

where are you in the process of claiming your charges back? Allocation Questionairre handed in 2nd December 2006, haven't heard anything off Bank, Banks solicitor or court.

As a rough guide the higher the amount being claimed the longer it will take for them to settle - it seemed to drag on forever when I was claiming £2K from natwest but natwest gave me £700 with a fortnight of asking for my charges back.
Well done. I am claiming charges of £935.00 + interest + court costs totalling approximately £1300

Personally I think you will get your charges back soon as they seem to be willing to make an initial offer once the questionnaire has been submitted.
I wish they would just hurry up and pay me

And the best 0% Balance Credit card is???