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using card to pay off loan?

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lynseyb29

lynseyb29 Posts: 22 Forumite

20 February 2008 at 4:36PM in Credit cards

We have a seperate personal loan on our mortgage with a few years left, the interest rate is low but is about to run out! As we only have £3000 left to pay i wondered if a 0% credit card would be a better option? Is it possible to pay off this loan with a credit card? And will it be a balance transfer card i will be looking for?

Thanks

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Comments

Idiophreak Posts: 12,024 Forumite

20 February 2008 at 4:46PM

You could probably pay it straight off by using something like a Virgin or Egg Money CC (iirc) - then just pay that back asap.

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lynseyb29 Posts: 22 Forumite

20 February 2008 at 5:08PM

Sorry what does iirc stand for?

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mrmajika Posts: 987 Forumite

20 February 2008 at 5:18PM

It's web speak for 'If I recall correctly'.

HTH:D

Whilst my posts do not constitute financial advice, I am always, without fail, 100% right!

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kingstongold Posts: 103 Forumite

21 February 2008 at 3:33PM

would you be charged a cash fee or any other fee for paying ur loan using a credit card additionally?

Interesting this.....

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