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Advise on paying of loan with Balance transfer
I bought an item recently which cost me sub £1000 with six month to pay off full amount interest fee then you go into there high interest terms etc. Could I get a balance transfer card to pay of that loan that has better terms over a longer period to pay if off? My credit history is pretty good I am just looking to give myself a bit more time post xmas etc.
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Comments
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No, but you could do it via a money transfer option.0
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Would I be right in saying that there are less choice of lenders for this?0
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As zx81, you can do this with a money transfer.
You need to check for and fee's associated with such a service. Also if you start letting the amount you pay off each month slip, you could end up paying more interest.0 -
Would I be right in saying that there are less choice of lenders for this?
MSE Credit Card Eligibility Checker for Money Transfer Cards:
https://creditcards.moneysavingexpert.com/?money-transfers&_ga=2.170510176.1901292714.1508748025-160981962.1507628140I'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com0
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