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Borrowing then balance transfer.
Sunblind_Duck
Posts: 47 Forumite
in Credit cards
Hello. My current situation is that I need cash for the purchase of a car (privately). I have two credit cards, one with Lloyds and the other with Capital One. If I borrow the cash on my Capital One card, and then do a balance transfer to Lloyds, with an 18 month respite period on interest, would Lloyds find that acceptable? It would give me a breathing space, but I'm not sure it would be permissible.
Thanks in advance.
Thanks in advance.
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Comments
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Yes, it works in theory, assuming you have a BT offer and you have sufficient limit.0
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Thanks for that. The other good news is that I now only need half the amount I originally wanted.
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