Black Horse Finance?

jodyleach

Hi
I want to pay off my car loan on finance, I have a good 0% deal with my credit card which is due to end next Feb and have enough funds to cover it but when I called them they (Barclaycard) said I can only use the extended offer (0% until end 2013) to pay off other credit or store cards but they would credit an old Virgin card for the amount needed so I could pay the loan back that way

However...! When I called Black Horse they said they do not accept credit card payments and I would need to pay it off on a debit card?

My question is - How do I get round this? If I apply for a new credit card could I consolidate and pay black horse that way or would they consider this as a credit card payment?
The man on the phone was not helpful at all and rather blunt to be honest!

Thanks for any replies

jon142

Balance Transfer to a credit card with a 0 balance

That will put that credit card into credit by 1k, 2k, 3k whatever you transfer.

Ask them to transfer for the money to your bank account. then you have the cash!

Job done!

jodyleach

jon142 wrote: »

Balance Transfer to a credit card with a 0 balance

That will put that credit card into credit by 1k, 2k, 3k whatever you transfer.

Ask them to transfer for the money to your bank account. then you have the cash!

Job done!

Hi Thanks for the advice but I am rather dumb when it comes to all this - Do I totally disregard my Virgin card and take out a whole new one?
I always thought that putting cash into your account was not part of a 0% deal and it was the same as going to the cashpoint?

jon142

jodyleach wrote: »

Hi Thanks for the advice but I am rather dumb when it comes to all this - Do I totally disregard my Virgin card and take out a whole new one?
I always thought that putting cash into your account was not part of a 0% deal and it was the same as going to the cashpoint?

Lets say you have a credit card that belongs to virgin and it has a 0 balance on it. so you owe virgin nothing.

You go accross to Capitalone and you organise a balance transfer of £3000 to virgin so you OWE capitalone £3000 and you now have £3000 CREDIT on your virgin card because you sent it into credit with the BT.

you then request virgin to transfer that CREDIT balance to a current account for you because they owe you that money:)

that gets around the cash fees

blacksta

jon142 wrote: »

Lets say you have a credit card that belongs to virgin and it has a 0 balance on it. so you owe virgin nothing.

You go accross to Capitalone and you organise a balance transfer of £3000 to virgin so you OWE capitalone £3000 and you now have £3000 CREDIT on your virgin card because you sent it into credit with the BT.

you then request virgin to transfer that CREDIT balance to a current account for you because they owe you that money:)

that gets around the cash fees

Purposely putting a credit card in credit might be against the CC terms and conditions and could get the account closed. I will thread carefully on that one.

StuC75

blacksta wrote: »

Purposely putting a credit card in credit might be against the CC terms and conditions and could get the account closed. I will thread carefully on that one.

In which case Virgin allow super balance transfers... so in a simultaneous manner..

Transfer what you need from Virgin to your bank account

Transfer from your other card into the Virgin account..

Although would have 2 sets of fees with this (circa 3-4% each?) what rates the loan at that you are paying...

blacksta

StuC75 wrote: »

In which case Virgin allow super balance transfers... so in a simultaneous manner..

Transfer what you need from Virgin to your bank account

Transfer from your other card into the Virgin account..

Although would have 2 sets of fees with this (circa 3-4% each?) what rates the loan at that you are paying...

A more valid approach but with two lots of fees but at least one does not break the terms and conditions