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Can I pay a loan off (approx £1500) with a 0% card?
iwanttobreakfree
Posts: 371 Forumite
in Loans
Well not specifically me, my mum has offered to put my outstanding balance on a card so it accrues no more interest. Can this be done and if so how? If she pays it off with a card will she need another one with 0% to then class it as a balance transfer?
Before anybody questions its because my managed loan follows the base rate (which I wasn't aware of) and therefore it will stop any potential increases in amount of payments. I figured a 0% credit card is the best way to save money
Before anybody questions its because my managed loan follows the base rate (which I wasn't aware of) and therefore it will stop any potential increases in amount of payments. I figured a 0% credit card is the best way to save money
Proud to be dealing with my debts!DFW Nerd No. 634 LBM: 3rd time - Dec2008 I NEED TO BEAT IT THIS TIME!
Total Loan Debt = £[strike]13,737.80[/strike] 13,042.44, Total Non-loan Debt = £[strike]5,289.33[/strike] 4,704.45 - Total= [strike]19,027.13[/strike] 17,746.89 FEB 09
Freelance earnings - Feb 09 = £260 so far Make £30 a day in Feb - £260.40 of £840 5 NSD in Feb 09 - 1 of 5
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