Great for: consolidating and paying down credit debt
If you are already interest that is paying credit debt, you can transform it into an interest-free loan by going it onto a charge card providing 0% on transfers of balance.
Just how much may I borrow? Comparable to a 0% new purchase card, a 0% stability transfer charge card will ordinarily suggest exactly exactly what its maximum borrowing limit is before you use.
The borrowing limit being offered shall rely mainly in your credit score, therefore do not immediately assume you will get the most.
Just how long could be the money interest-free? Once again, this is dependent upon which card you select, but with these cards it is necessary you concentrate on the cost along with the 0% screen to choose what is perfect for you.
While TSB provides the longest stability transfer duration as high as 29 months (during the time of writing), it charges a hefty charge of 2.95%.