loan transfer on which credit cards?

alirob12

Hi there, I heard martins radio interview and heard that it is possible to pay off my debt of around 4000 pound with the use of credit cards? Does anyone know exactly how it works? I heard that capitol1 and texaco plus virgin cards are good with 0% interest and then about 3.5% on the balance so is it possible to borrow money on the credit card and pay off my debt (14% interest) with that money and then pay off the credit card ( i am able to pay around 100pounds/month) and only getting charged 0% for 6 months and subsequently 3,5%? can anyone confirm that for me and possibly explain how it can work?? Thanks a lot

Reaper

Answered on your credit card forum post