Should I go for credit card?

Rhiannon28

Hellooo,

I'm new to this and was wondering whether I could get some advice...

I've been paying something ridiculous on my Black Horse loan for car (something like 23%) and after a year of paying this, I think it's about time I did something about it. I have something like 2,500 left to pay, and not sure whether using a credit card is the best way to go for this?

The thing is is that Black Horse don't seem to take credit card to settle the agreement - only debit card or cheque....

Any advice would be greatly appreciated! Should I go for credit card? and if so which one?!

Thanks!

Volcane

I would suggest an MBNA 0% balance transfer card and then pay off your "overdraft" with it - ie transfer suitable funds from the MBNA card into your current account and then use THOSE funds to pay off the Black Horse loan.

You then pay back MBNA @ 0% (+ any balance transfer fee of course but it's STILL gonna be better than 23%!)