Paying off loan using balance transfer card?

Jattinder_Singh

Thanks Nebulous. I can pay a large portion maybe 50% cash today and transfer the rest to the cheaper finance option. Can I ask how do I create a new thread? I tried for ages and couldn't find the option to do it

Also how does a money transfer differ to a balance transfer? I thought they were the same thing? As the amount owed is a balance?

[Deleted User]

Money transfer puts the cash in your current account. Balance transfer pays off a card directly.

AnotherJoe

Jattinder_Singh wrote: »

Can I ask how do I create a new thread? I tried for ages and couldn't find the option to do it ?

Probably you werent logged in? Then perhaps you arent offered the ability to create a new thread?

Certainly if you are logged in, click on the breadcrumb above, near the top of the page, on the "loans" part , it looks like this below
Main site > Forums > Essential Money > Loans > Paying off loan using balance tr

Click on "loans" that puts you in the loans forum.
There's a bright red "new thread" button.
Click it.