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  • FIRST POST
    • LJ92
    • By LJ92 18th Mar 19, 3:28 PM
    • 1Posts
    • 0Thanks
    LJ92
    Options!
    • #1
    • 18th Mar 19, 3:28 PM
    Options! 18th Mar 19 at 3:28 PM
    Guys! I've only just signed up to this MSE Forum malarkey so I'm a little bit lost!

    I'm 26 and never had a credit card however I am finding myself in need of an extra 500 next month to cover the rest of a final payment needed to pay off my baloon payment on my car. I don't really know much about balance transfer cards and as much as I google I find myself a bit bamboozled! Am I better to use my 750 over draft (I don't normally touch this) to take the money out of and pay back with the balance transfer or get a normal purchase credit card and use it to purchase my every day spendings equating to the 500 I need in order to put that money towards the payment?
    Obviously I would go for a 0% interest for as long as I could get it. (After paying off my final payment I will have an extra 160 a month that I have been paying towards the car so that will pay off the money used). I am aware that I could just use my over draft however I find the thought of so much of my wage being swallowed up in the overdraft for the first couple of months rather stressful!

    I am probably sounding really dramatic - I just don't know what the best option is because I don't know enough about it!

    Thank you x
Page 1
    • zx81
    • By zx81 18th Mar 19, 3:32 PM
    • 22,392 Posts
    • 24,509 Thanks
    zx81
    • #2
    • 18th Mar 19, 3:32 PM
    • #2
    • 18th Mar 19, 3:32 PM
    You would probably need a money transfer card to pay it directly, but your chances of getting one may be low.

    Try an eligibility checker to see what you might get - but it may be that you need to use your OD. If you do, clear it as soon as you can.

    Build up a savings buffer in the coming months so you don't need to fall back on credit.
    • fwor
    • By fwor 28th Mar 19, 9:40 PM
    • 6,180 Posts
    • 4,233 Thanks
    fwor
    • #3
    • 28th Mar 19, 9:40 PM
    • #3
    • 28th Mar 19, 9:40 PM
    <please ignore - spam removal>
    • zx81
    • By zx81 29th Mar 19, 6:20 AM
    • 22,392 Posts
    • 24,509 Thanks
    zx81
    • #4
    • 29th Mar 19, 6:20 AM
    • #4
    • 29th Mar 19, 6:20 AM
    It's nice to see that some people still understand how to write a quality post!
    Originally posted by Fractoggen
    Nice to see that some people still know how to write unconvincing home page spam posts.
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