Loans to 0% credit card

harerunner

Hi all, I have a loan (Which I purchased an item) with Klarna for about 4.5k. Is there any way of transferring the debt to a 0% card? I cannot seem to find a way of doing it as it's already a loan and won't be a balance transfer from another card. 

Thanks is advance 

MattMattMattUK

harerunner said:

Hi all, I have a loan (Which I purchased an item) with Klarna for about 4.5k. Is there any way of transferring the debt to a 0% card? I cannot seem to find a way of doing it as it's already a loan and won't be a balance transfer from another card. 

Thanks is advance 

Nope, not directly. What you need is a money transfer credit card, which allows you to take a chunk of money out with a fee, but then no interest, which goes onto the card. MBNA do those, and a few others.

What was your plan for paying it off with Klarna when you made the purchase, was it a pay in three option?

CliveOfIndia

As above, the only way of doing it would be a Money Transfer card.  You'd need to factor in the fee for doing the transfer.  And you must put money aside to pay off the CC balance when the promotional rate expires - you can't bank on being able to do another BT when the time comes.