Reply
New Contributor
Posts: 112
Registered: ‎10-05-2007
0

Balance transfer question

Hey,
 
Can I transfer the balance of a personal loan onto a CC through a balance transfer or is that strictly for CCs?
Epic Contributor
Posts: 23,754
Registered: ‎10-23-2007
0

Re: Balance transfer question

you can... just give the address and account number just the same.
you can even pay a person with balance transfers
Fico Scores: EQ- 662., TU 684 Barclay, EX 700 (3/21/15)

You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
72 Cards and Counting :smileytongue:
Moderator Emeritus
Posts: 16,373
Registered: ‎03-12-2007
0

Re: Balance transfer question



hunting_bears wrote:
Hey,
 
Can I transfer the balance of a personal loan onto a CC through a balance transfer or is that strictly for CCs?


Why are you considering this??
Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1
Valued Contributor
Posts: 2,010
Registered: ‎07-01-2007
0

Re: Balance transfer question

If it will save you money, you can pay just about anyone and anything with a BT.  If not directly, the majority of CCCs will know how to 'issue it as a check' which means the same terms, but they will deposit it into you checking account as your own cash.
EQ 787 EX 781 TU 737 11/17/07 *** I am not an attorney. If I was, I might not clip coupons. If you want legal advice, consult an attorney. If you want my personal opinion, feel free to consider my posts***
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.