Credit Card Shuffle Discussion area

Hi, advice very much needed please, my husband wants to reduce his debts (and the rates he is paying on them) which are as follows:

Barclaycard = £4k debt @ 14.9% £6k limit (Average pays £260 per mth)
Barclays Overdraft = £3k debt @ 15% £3k limit (Avg £20 per mth)
Tesco Credit card = £3k debt @ 0% but only until end June 09 then approx 16% (4k limit) (Avg =Min month payment of £100)

Northern Rock Loan = 7k @ 6.4% (54 months remaining) ( Avg £125 per mth)

We are considering shifting the Bcard/Tesco debt (after end June) to the Capital One 6.9% until Jan 2012 (He has a great credit rating and earns enough to qualify).
There is no way he would be able to shift the debt in under one year so there is little point in credit card tarting (he has already done a bit of that in the past with Virgin,Egg and HSBC cards).

What is the best remedy for the overdraft though? Would Capital One take that on too? I have seen from another thread that only special cards will consider taking on overdraft debts.

Also, are we best keeping the NR loan where it is? There are no penalties for early repayment.

Lastly, supposing we move the Credit card debt to a long-term, low rate deal, what would be the best card for spending thereafter as currently my husband pays off approx £260-£300 per month on barclaycard but also spends £400 average on it too which is costing approx £450 pa. He would still need a credit card to spend on each month, but ideally at a lower rate!

Sorry for the essay, but you guys are the best to help! We will await with eager anticipation!

My mother-in-law has racked up £19,000 on two credit cards, both at high rates of interest.

Possibly because of her age, she is being refused 0% interest cards & the stress of the debt is causing her health to suffer.

She is paying over £200 per month per card, but seems to only be reducing the actual debt by £20.

What options may be available to her, as she is anxious to clear the debt (for fear she may pass on before they've been sorted and, therefore, pass the debt on to her family)?

Thank you.

We have never really spent on our Credit Card (RBS) as we kept if for emergencies and internet purchases mostly.

However, we are in the strange situation that we need to buy flights to two very expensive destinations at short notice. Unfortunately the total cost is more than our Credit Limit (£3500). We need another £2000.

We are wondering what the best way is to go about this. Do we just simply get a new CCard? We never owned more than this one - we hate the idea of debt! Do we try and get a 0% Card... Transfer this balance and then buy the 2nd set of tickets on the existing CC and then transfer that balance too..? We forsee this being paid off well within a year.

Never done this kind of weird shuffling before! Is there another way? Can I phone RBS? Embarrassingly I can not even tell you what rate I am getting with this Ccard - will need to phone and find out!

Any advice would be much appreciated.
Regards,
EvE

Hi CannyJock,

No, the first set of tickets was £2200, the second set will be £3500 odd.
The second set needs to be paid end of August.
Thank u for the advice!

EvE

Hehe,
If it was that simple I would have done it!
No, I can not pay the full £2200 this month. No way. I want to pay both sets off.
So what I need is something that I can put the 5700 on (bearing in mind my CC limit is £3500 I think) at the lowest possible rate and pay it off.
Thanks,
EvE