How can I get a better rate to pay off?

in Loans
2 replies 211 views
wozzza72wozzza72 Forumite
83 Posts
Sixth Anniversary 10 Posts
Hi all

I have a loan with 16 months left on it at £380 per month. I had the brainwave of paying it off with a 0% balance transfer credit card but the loan company won't let me pay debt off with debt. The only way it looks like I could do this is with a card that offers 0% on 'money' transfers but they any pretty hard to come by, Virgin do a 12 month one but I need one with a longer term and Virgin charge 4% to transfer so I'm not gaining a lot by doing it.

Can anyone suggest a way of doing this?


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