Question about settling car finance via credit card

TemmyTemjin

Hello there,

I currently have a Northridge Finance loan for my car that I've been paying off for a few years now (and has a year or so left on it). I've been told it might be in my interest to get a credit card with a long 0% on purchases and move the remainder of the loan on to there (thereby settling it from the POV of Northridge).

My question though would be, how? Northridge say on their website the only means to settle the account are:

• By making an electronic bank transfer (through your online banking facility or via a branch transfer)

• By Cheque

In those cases a credit card account cannot be used, correct?



Thanks,
Tem

SLZ

It's unlikely that you can use a credit card to settle most loans, the only loans I know you can settle via credit card is DWP loans. However you could always ask them to see if they accept and then see if you can obtain a 0% purchase rate that you can then utilise paying off the loan.

jonesMUFCforever

Can you get a card that offers a money transfer on promotional rates?
If so then use it to put funds into your current account and use it to pay off the finance.

Sealtainn

Try for a Barclaycard as they are sending out 0% offers on both balance transfers and cash transfers (both with a 1.9% fee). Do a cash transfer and then settle the finance

Ben8282

A money transfer is the only way