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Tesco loan
Calidad
Posts: 67 Forumite
in Credit cards
Hi,
A quick question. I took out a £5500 loan last year from Tesco @ a rate of 3.3% to help with a car purchase.
A quick question. I took out a £5500 loan last year from Tesco @ a rate of 3.3% to help with a car purchase.
So in all I am due to pay back £5788.
I’m now about 17 months into a 36 month payment plan
I’m just wondering whether it’s worth me transferring this to a 0% CC? But I’ve had a look round and the only one I can find is MBNA card, but it charges a 2.99% fee, so it doesn’t seem particularly useful. I heard about a lot about these 0% cards, but are they more for purchases than transferring debt, because I’m having difficulty finding one with 0% balance and fee.
btw, this isn’t a debt worry post. The payments are perfectly manageable for me, was just wondering if I could save on the interest…
thank you.
I’m now about 17 months into a 36 month payment plan
I’m just wondering whether it’s worth me transferring this to a 0% CC? But I’ve had a look round and the only one I can find is MBNA card, but it charges a 2.99% fee, so it doesn’t seem particularly useful. I heard about a lot about these 0% cards, but are they more for purchases than transferring debt, because I’m having difficulty finding one with 0% balance and fee.
btw, this isn’t a debt worry post. The payments are perfectly manageable for me, was just wondering if I could save on the interest…
thank you.
0
Comments
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You'll need a money transfer card, but the fee will probably outweigh any savings on the loan interest.
Just increase your payments to the loan and clear it early.1 -
Thank you. That’s what I thought. Just wasn’t sure if I was missing something obvious. Thanks again.0
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