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Transferring loan and OD to a credit card... Help!
mummydebs85
Posts: 7 Forumite
in Credit cards
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
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Comments
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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.
ETA: see also:
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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?Censorship Reigns Supreme in Troll City...0 -
'Transferring' back to overdraft(s) is not a problem, but a loan can be.forgotmyname wrote: »Dont forget to plan ahead. What happens when the 0% term ends. Whats the interest rate?0
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