From: "Snuggles" 
Newsgroups: uk.finance
Subject: Re: Credit Card transfer from a loan
Date: Mon, 14 Aug 2006 19:19:56 +0100


"David Day"  wrote in message 
news:44dfc266$0$18508$ed2e19e4@ptn-nntp-reader04.plus.net...
> Im with cahoot and have a £3k loan, I thought I could save the 11.8% 
> interest rate by transfering it to an interest free credit card. I cannt 
> simply transfer the money onto my cahoot credit card, as the site wont let 
> me. Any ideas how I can transfer my £3k loan onto an 0% interest credit 
> card?
>
> Thanks for reading,
>
> Dave

Some credit cards allow you to transfer your overdraft balance from your 
bank account. You don't actually have to have an overdraft to do this, so 
effectively you are transferring cash into your bank account, which you can 
then use to pay off the loan.

Snuggles