Clear Loan or Credit Card?

MortgageMeUp · 10 March 2018 at 4:49PM

We are about to come into 5K, we have £2500 left on a NatWest Loan which started @£12500.

Obviously paying off the higher rate Credit Card would save the most money & we know that... but wouldn’t clearing a £229 monthly commitment sit better credit score wise?

[Deleted User] · 10 March 2018 at 5:05PM

Your credit score is irrelevant nobody but you sees it, credit history is what matters,you could clear the loan and then throw the £229 at the CC

MortgageMeUp · 10 March 2018 at 5:12PM

venison wrote: »

Your credit score is irrelevant nobody but you sees it, credit history is what matters,you could clear the loan and then throw the £229 at the CC

Thanks for the reply, yes that was our exact thinking earlier. Settle the loan then throw £229 a month @ a credit card. Want to get a car on HP @ the end of the year so probably another reason to rid the £229 a month solid commitment sooner

Clear Loan or Credit Card?

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