Debt consolidation - Credit card and Loan

Gordy87

Afternoon folks,
I've got £6k spread across a loan and credit card. Credit Card is 0% whilst the loan charges interest.
£2k on CC and £4k with loan.
Only have the debt due to a 2 week trip to USA then a horrendous stretch of luck saw me need a new shower, shower isolator switch, washing machine and a whole new boiler.
I can't stand having debt and it's something I've never had, certainly not at this value.
What's the best bet to get the value from the loan to the Credit Card so I've got 1 payment and no interest to pay?
I don't want anything drastic like a Trust Deed as I've a good credit rating and can easily afford the monthly payments across both but the interest on the loan is bugging me.
I can't make additional payments to the loan (Halifax) unless it's from a current account of theirs or alternatively from a Debit Card..
Is the best bet just to overpay on the loan and lower my credit card payment to the minimum (for the interest free period, adding the extra to loan)?
I tried searching the forum for any relevant threads to no avail.
Cheers!

eskbanker

Gordy87 said:

Is the best bet just to overpay on the loan and lower my credit card payment to the minimum (for the interest free period, adding the extra to loan)?

Yes, do this.

You might also wish to see if you're eligible for a money transfer card to get access to interest-free funds to pay off the loan, but don't be swayed by the consolidation argument that one payment is better than two....

Gordy87

Thank you, I think I'll go with the lowering the CC and upping the loan.

Was looking for some positive reinforcement!

Thank you!

Sandtree

Some 0% offers include transferring money to a current account (AKA super balance transfer cards) and so if you have that option and the headroom you could transfer the settlement value of the loan to your current account and then pay off your loan. Don't just assume your credit card supports this though, most 0% offers don't include cash transfers to bank accounts.

eskbanker

Sandtree said:

Some 0% offers include transferring money to a current account (AKA super balance transfer cards) and so if you have that option and the headroom you could transfer the settlement value of the loan to your current account and then pay off your loan. Don't just assume your credit card supports this though, most 0% offers don't include cash transfers to bank accounts.

AKA money transfer cards these days!

Sandtree

eskbanker said:
AKA money transfer cards these days!

I'm so behind the times