Switching Loan to Card to keep 0%

Dragon96

Hi there - I have 3 smaller loans with one company (V12 finance) which are due to come to the end of the 0% period. In total with the 3 added together it adds up 5o about £2100.

Can I transfer these onto a credit card to take advantage of 0% interest? Am I right in thinking I can just use a balance transfer card as they usually ask for the card number, and it's the loan company bank details I have as it's not a debt from another card.

Any advice of how to proceed greatly appreciated
Cheers :-)

Shakin_Steve

You need to transfer a balance from another credit card, bank account details won't work.
If you can get a money transfer card, with a sufficient limit, then you can transfer the money into your own bank account and pay off the loans from there.

[Deleted User]

No.

You would need a money transfer card, to pay the money into your current account.

Dragon96

Good job I asked - the lady at the loan company said i could balance transfer and it wasn't until I out the phone down and thought it didn't sound quite right. Thanks for helping I'll see if I can get a money transfer card

PixelPound

Do they accept CC payments, as you could pay with one card and the BT that onto your new 0% card. You would need an existing CC, but often Balance Transf are longer for lower fee than Money Transf options