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  • FIRST POST
    • Benc98
    • By Benc98 22nd May 19, 9:54 PM
    • 10Posts
    • 0Thanks
    Benc98
    Halifax balance transfer to lloyds?
    • #1
    • 22nd May 19, 9:54 PM
    Halifax balance transfer to lloyds? 22nd May 19 at 9:54 PM
    So, I have a Halifax current account. And I'm currently quite far under my overdraft, but I cannot get out of it because its more than what I earn, so I'm trying to get a balance transfer card. When I did the eligibility checker, I was given only 3 real options, of capital which is only 6 months 0%, and 2 Halifax option. I applied for the Halifax one, got accepted then realised I couldn't do a balance transfer due to not being able to transfer between Halifax cards. Seen as lloyds are from the same banking group, would it be possible to gain a balance card from them to transfer (I've checked and I'm able to be accepted) I just don't want a card that I can't transfer my overdraft too.

    Thankyou if anybody can help with this because I'm really struggling at the moment.
Page 1
    • Ben8282
    • By Ben8282 23rd May 19, 3:40 AM
    • 3,123 Posts
    • 1,695 Thanks
    Ben8282
    • #2
    • 23rd May 19, 3:40 AM
    • #2
    • 23rd May 19, 3:40 AM
    You can't use a balance transfer to repay an overdraft. You can only use a balance transfer to repay a credit card. You will need a money transfer to transfer money to your current account.
    • Benc98
    • By Benc98 23rd May 19, 3:57 PM
    • 10 Posts
    • 0 Thanks
    Benc98
    • #3
    • 23rd May 19, 3:57 PM
    • #3
    • 23rd May 19, 3:57 PM
    Ahhhh okay, now I'm struggling. I rung the bank after what you've said and the reason I keep getting declined is that reason because money transfers what I need not balance. But the advisor said that money transfers hardly ever come up. So now I'm really stuck.
    • foxy-stoat
    • By foxy-stoat 23rd May 19, 4:16 PM
    • 4,364 Posts
    • 2,558 Thanks
    foxy-stoat
    • #4
    • 23rd May 19, 4:16 PM
    • #4
    • 23rd May 19, 4:16 PM
    Look this MSE site for money transfer cards, you just need one of them and a Balance Transfer card.

    Lots of lenders do MT cards, depends on your credit history.
    • Sncjw
    • By Sncjw 23rd May 19, 4:54 PM
    • 2,149 Posts
    • 1,292 Thanks
    Sncjw
    • #5
    • 23rd May 19, 4:54 PM
    • #5
    • 23rd May 19, 4:54 PM
    Get your self on the debt free wannabe page. If your overdraft is more than you earn you need help. You are just moving the debt around and not addressing the issue.
    • Candyapple
    • By Candyapple 24th May 19, 9:49 AM
    • 3,165 Posts
    • 2,636 Thanks
    Candyapple
    • #6
    • 24th May 19, 9:49 AM
    • #6
    • 24th May 19, 9:49 AM
    MSE Credit Card Eligibility Checker for Money Transfer Cards:
    https://creditcards.moneysavingexpert.com/?money-transfers&_ga=2.170510176.1901292714.1508748025-160981962.1507628140
    I'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com
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