We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Balance Transfers
swana
Posts: 4 Newbie
Is it possible to transfer debts to a credit card other than from another store/credit card?
I have an overdraft and personal loan which I'd like to consolidate and was wondering if I'd be able to stick it all on a credit card with a low lifetime rate 5%
My loan started low rate but has been bumpred up to 17% (so altho im paying £90/£100 a month the interest cancels out 30 of it leaving only a £60 dent in my loan!!) and I'm paying approx £20-£30 charges a month on my overdraft...
If I could have them both in one place paying approx £100 a month on a lower rate I'd be much happier!
Advice please....
I have an overdraft and personal loan which I'd like to consolidate and was wondering if I'd be able to stick it all on a credit card with a low lifetime rate 5%
My loan started low rate but has been bumpred up to 17% (so altho im paying £90/£100 a month the interest cancels out 30 of it leaving only a £60 dent in my loan!!) and I'm paying approx £20-£30 charges a month on my overdraft...
If I could have them both in one place paying approx £100 a month on a lower rate I'd be much happier!
Advice please....
0
Comments
-
Some CCs will let you transfer from ODs & loans, but others don't - so have a look through their T&Cs carefully before applying for one.
Alliance & Leicester are doing an offer where they'll match your OD limit & it will be 0% for a year I think - might be worth checking out if you're eligible for thatTotal Debt 13th Sept 2006 (exc student loan): £6240.06 :eek:
O/D 1 [strike]£1250 [/strike]O/D 2 [strike]£100[/strike] Next a/c [strike]£313.55[/strike]@ 26.49% Mum [strike]£130[/strike] HSBC [strike]£4446.51[/strike]@15.75%[STRIKE]M&S £580.15@ 4.9%[/STRIKE]
Total Debt 30th April 2008: £0 100% paid off!
PROUD TO [STRIKE]BE DEALING [/STRIKE] HAVE DEALT WITH MY DEBT
0 -
The one i was looking at was the Marks & Sparks more card as recommended by Martin on the main page....
I've had a brief look and im thinking its only other store/credit cards...0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards