Credit union loan

Macriabhaigh · 24 March 2017 at 3:21PM

Hi,
I was told by my credit union that it was not possible to pay off my loan with a credit card (0%). Is this true and if so. Is there another method to transfer my loan to something with lower interest.

BrassicWoman · 24 March 2017 at 3:26PM

if they won't take payment that way then it is true! is there a charge for the balance tranfer? will your card transfer to your bank?

molerat · 24 March 2017 at 4:03PM

If they won't take a CC payment you need a money transfer card but there are few completely free MT cards at the moment. What APR is the loan ?

lopsyfa · 25 March 2017 at 12:39PM

Instead maybe start spending on the 0% card and then using the money to the loan. That way you are effectively paying with the CC while avoiding balance transfer fees. May take a while depending on the loan amount but will likely be cheaper than doing a balance transfer.