Moderator
Revelate
Posts: 9,549
Registered: ‎12-30-2011
Re: CC Debt vs. Loan Debt

This sort of arrangement is almost certainly going to be counted as a cash advance, and I don't think there's any BT offer in existance which allows for 0% interest on such things.  I could be wrong but it's got to be near wooly mammoth rare.

 

Look at the terms and conditions of that BT offer once, and then again, and then a third time before doing so.

 

Generally speaking, it's better to consolidate credit card debit onto an installment loan both for APR and for FICO purposes rather than the other way around.  Even a fully paid installment loan provides little benefit FICO wise, and has been reported as a negative at times too.  

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
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