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Loan to 0% credit card transfer
Stuntmanbob21212
Posts: 1 Newbie
in Loans
I'm currently paying £170a month on a personal loan the loan ends I 12 months. I would like to transfer it to a 0% credit card over 24 or 36 months to reduce my monthly payments, can this be done?
0
Comments
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Only if you get a card offering 0% on money transfers - you transfer to your personal account then pay the loan off.
1 -
As above, you'd need a Money Transfer card, you can't use a BT or Purchase card for this. Remember to factor in the transfer fee, and ensure you'll be able to clear the card in full when the promotional rate expires.Assuming you can get a card with a sufficient credit limit, of course.0
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