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1st Balance Transfer Help!!

Hi all,

I've never applied for any type of credit card so this is all new to me.

I'm looking for any advice users can give regarding balance transfer in the form of a normal bank overdraft to some kind of card.

Does anyone know if/how this would be possible? My credit score is Fair but I've never had any type of credit other than my overdraft.

The amount would be around £1,800. I've no idea what monthly payments would look like if a balance transfer was possible, so any help is greatly appreciated!

Comments

  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 11 August 2014 at 8:16AM
    >> Money Transfers

    Alternative: Spending 0% Cards
    By using the card for your essential spending you slowly pay the overdraft off with the 'saved' cash - thus 'transferring' it slowly to the CC.
  • redpete
    redpete Posts: 4,754 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Sami_Shaw wrote: »
    The amount would be around £1,800. I've no idea what monthly payments would look like if a balance transfer was possible, so any help is greatly appreciated!
    Minimum monthly payments are typically between 1% and 3% of the balance - so something between £18 & £54.

    (BTW - what happened about the Eon bill you were disputing a month ago?)
    loose does not rhyme with choose but lose does and is the word you meant to write.
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