Can I do another BT to a Barclaycard before I repay the last one?

Puddylove

Hi all
I transferred a £6k balance to Barclaycard from a Halifax CC last month.
I've received a letter offering me a 0% BT from Barclaycard, and would like to balance transfer another £2k from my Student Loan (via another CC).
It's within my credit limit - but will doing this make my first balance transfer liable to interest and/or change the terms?

Thanks x

[Deleted User]

They'll both run concurrently until the first one ends.

Puddylove

Thank you.

thebritishbloke

Just curious, why would you want to change your student loan to a debt that has to be repaid regardless of your income?

Puddylove

Hi
Because it's an income contingent loan, I pay 9% of my salary but they only review the account at the end of the financial year.
They advised me that if I haven't paid it off by Apr 15, they will continue to take money via HMRC which I will be unable to stop, only to reclaim in Apr 16.
This seems like madness to me - but that's what they keep telling me.
P x

ETA I will have paid it off in around May 15 (my salary varies) so I would end up overpaying thousands.

thebritishbloke

That's fair enough, you've saved yourself a bit of hassle then, so long as the BT fee is worth it.

stator

Student loans offer a direct debit scheme for your last year. You just need to get in touch with them and they can set it up so you don't over pay. I think they charge a fee for repaying with a CC
http://www.studentloanrepayment.co.uk/portal/page?_pageid=93,6678768&_dad=portal&_schema=PORTAL

Personally I didn't get in touch early enough, so I just phoned them up when I calculated my payments were due to end, gave them details of all my payslip deductions in the current tax year and made the final payment by debit card. They stopped the payments in time to avoid me over paying

Puddylove

I asked about DD but they told me it was better to just pay it off in one, I guess as you did, Stator.

So, I thought I'd just BT it, and pay at least the 9% off that way every month.

I haven't found them good to deal with at all despite managing my SL accounts well - always updating them of address changes etc.

So - one less thing to worry about.
P x