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A Loan using Egg Money?
Psyden
Posts: 13 Forumite
in Credit cards
Hello All,
Wondered whether to stick this in Loans/Credit Cards or Stoozing.
I am new to this game, but have read as much as I can to understand the tricks and just want to know if I am going the right way about things.
I am wanting some cash to pay for a holiday but all my credit cards are 0% on BT's only. I managed to get a 7.9% Purchase with Mint, but I still think thats too excessive. I have at the moment an Alliance & Leicester Bank Account with 0% overdraft until November.
Is it possible for me to pay for the holiday using my debit card, balance transfer the limit of my 0% until Aug credit card over to my egg card and then transfer that to my bank paying off the overdraft and having a bit of cash extra in the bank at 6.5%. Then tart.......
This way although I move the debt to a min repayment facility, I am at least paying some off.
Any help / advice appreciated.
Psy
Wondered whether to stick this in Loans/Credit Cards or Stoozing.
I am new to this game, but have read as much as I can to understand the tricks and just want to know if I am going the right way about things.
I am wanting some cash to pay for a holiday but all my credit cards are 0% on BT's only. I managed to get a 7.9% Purchase with Mint, but I still think thats too excessive. I have at the moment an Alliance & Leicester Bank Account with 0% overdraft until November.
Is it possible for me to pay for the holiday using my debit card, balance transfer the limit of my 0% until Aug credit card over to my egg card and then transfer that to my bank paying off the overdraft and having a bit of cash extra in the bank at 6.5%. Then tart.......
This way although I move the debt to a min repayment facility, I am at least paying some off.
Any help / advice appreciated.
Psy
0
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