Transferring loan and OD to a credit card... Help!

mummydebs85

Hi, we have 2 overdrafts and a flexi loan which we seem to pay quite a lot of interest on. I was wondering whether we can transfer these to a 0% creDit card. I have heard of transferring balances from one credit card to another to keep a low interest but didn't know if it was possible to transfer other debt to credit cards. Thanks in advance x

grumbler

You can transfer IF you can get the right card - and this is a big IF depending on your credit history and current state of affairs.

• Balance Transfer Credit Cards >> Balance transfer your overdraft too
• Super transfers

ETA: see also:

• Cheapest Long-Term Balance Transfer Deals
• Life of Balance

forgotmyname

Dont forget to plan ahead. What happens when the 0% term ends. Whats the interest rate?

Situations maybe different then and you may not be able to get another car or a loan. So how much can you clear before it ends and what interest rate will it revert to if not cleared?

grumbler

forgotmyname wrote: »

Dont forget to plan ahead. What happens when the 0% term ends. Whats the interest rate?

'Transferring' back to overdraft(s) is not a problem, but a loan can be.