PCW1983 Posted May 21, 2009 Share Posted May 21, 2009 Right I've googled this and can't seem to find a straight answer, I've got a Hire purchase agreement worth 1500 quid, now what I want to know is can I pay this off with a credit card, I've just been offered a one with a long 0% apr then plan on balance transfering after that to save on interest. Many thanks Link to post Share on other sites More sharing options...
Guest toonlass Posted May 21, 2009 Share Posted May 21, 2009 Shouldn't see why not. Find out the settlement price and pay it off on the card. Link to post Share on other sites More sharing options...
Keefaz Posted May 21, 2009 Share Posted May 21, 2009 Aye, why not? Link to post Share on other sites More sharing options...
Colos Short and Curlies Posted May 21, 2009 Share Posted May 21, 2009 Might not be as straightforward as that. some credit lenders have agreements whereby you can't pay off a loan with a credit card. You would need to check the terms of your HP agreement and also the terms for any balance transfers onto the credit card. This isn't all aplicable to all loans/credit cards, but I have had a few in the past where this has been the case. Link to post Share on other sites More sharing options...
Stu Posted May 21, 2009 Share Posted May 21, 2009 I used to sell goods on HP and the one rule wasthat you 'cant pay credit with credit' - either have the 6months interest free loan or take up the HP option... Link to post Share on other sites More sharing options...
Keefaz Posted May 21, 2009 Share Posted May 21, 2009 Maybe you can do a balance transfer and pay from your bank account/cash? Link to post Share on other sites More sharing options...
Colos Short and Curlies Posted May 21, 2009 Share Posted May 21, 2009 I used to sell goods on HP and the one rule wasthat you 'cant pay credit with credit' - either have the 6months interest free loan or take up the HP option... Gordon Brown has proved that that is a fallacy! Link to post Share on other sites More sharing options...
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