Credit card tarting or just a big cheap loan??

Slifla78

I have quite a big credit card bill that I am managing OK with it. I am tarting every time the 0% transfer ends. For various reasons it would be better for me to whack it all on a cheap loan. Rather than get into whether this is a good idea or not, I am interested to know what you all think about how much extra it would cost. Its one of those things where I am happy paying more to repay the debt but if its too much I'll stick with tarting. 

Or is this a daft question and I should shut my face, work it out on today's figures and make a choice.

[Deleted User]

I'd be disinclined to start paying interest when you currently don't have to.

Instead, treat the credit card debt as a loan and make scheduled repayments to it to get it cleared.

[Deleted User]

You may not get another 0% deal though, at that point, what is your plan to pay off the debt?

A loan would cost whatever rate you get, you can see the cost easily in any loan calculator based on the APR offered (remember only 51% of successful applicants need get the headline rate)

Keep in mind consolidation loans are always judged on loan + existing debt as you might put the money on Limping Lasty at the local dog track and then have to pay twice as much debt so the lenders factor that into how much they will lend and at what cost