Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

    • bigsaver28
    • By bigsaver28 2nd Apr 18, 5:48 PM
    • 23Posts
    • 2Thanks
    dilemma, pay car with cc?
    • #1
    • 2nd Apr 18, 5:48 PM
    dilemma, pay car with cc? 2nd Apr 18 at 5:48 PM
    hi again all...

    so ive decided to pay off my car finance early in full (8,300) to save myself 1200..

    however im unsure as to weather i can? or should try and spread it across my 3 cc's, effectively using that as my stooze pot.

    my other option is to pay it with savings(saving the 1200 and also impacting my credit score positively) and use the cc's for everday spending as originally planned.

    I have emailed the finance company to ask if that is an option, but would the cc companys allow this? as it is basically shifting debt?

    it seems a good idea to keep the savings earning interest, pay off the car for the cheaper rate, and pay the cards minimum for as long as pos (settling the balance or doing a BT when the time comes)

    any advice/input greatly appreciated
Page 1
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,000Posts Today

8,545Users online

Martin's Twitter