EGG-Can I do this..?

Options
ferry
ferry Posts: 2,010 Forumite
Name Dropper First Post First Anniversary
Just wondering if this is possible..
Basically I'm expecting a big hike in rates on my Egg card soon as it seems they're informing their customers recently according to several threads on this board.
At the moment I have 2k outstanding on my card.If I apply for a flexible loan from them,which would be around 7 or 8%,have it paid into my Barclays account,then pay off my card with it,thus leaving a debt with a much smaller APR oustanding with them..

Is this possible ,or will they not allow me to pay off one debt with another from the same lender?

Terry
:j

Comments

This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 343.4K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.8K Spending & Discounts
  • 235.5K Work, Benefits & Business
  • 608.4K Mortgages, Homes & Bills
  • 173.2K Life & Family
  • 248.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards