Credit card query

PJ1967

Hello everybody,
This is my first post to this site, so please be patient with me, I am after a bit of advice,
I currently have a M&S c/card with 0% till 14/02/2006 with outstanding balance of £3500 credit limit of £6k ,,,,,,
I also have a A&L c/card which has bal of £2300..credit limit of £3300 (made a huge mistake running this up again, as when I took the M&S card out I done a BT of £3300 to that from A&L leaving it zero balance. but ran it up again) I know I have been totally stupid.
Now I have just applied to Capital One and been accepted for there Plantinum card at 0% till Jan 2007 credit limit of £5k and not sure what to do for the best?
I have also been reading up on Stoozing which sounds good. Not sure where to start though? any advice would be gratefully appreciated.
Many thanks

grumbler

Welcome to MSE!

PJ1967 wrote:

...any advice would be gratefully appreciated.

:think: *I think*:
1. Transfer £2300 from A&L to C1 now.
2. Cut A&L and cancell it if you can't resist the temptation
3. Transfer the balance from M&S to C1 in Feb and cancell M&S.
5. Start thinking now how you will repay the debt in Jan 2007.
4. Stoozing is about making money, not about spending money and racking debt up. Stop reading about stoozing and start reading about saving first. Debt-Free Wannabe board is very good reading too :eek: .

Sorry if this is not what you wanted to hear ...

Galstonian

And this time you have to be able to avoid temptation or take steps to prevent you using the cards.

You could destroy them, fold them in half or I've even seen putting them in the freezer in a container of water (by the time they have thawed impulse purchases are less likely but you could still get access in an emergency)

Good luck.

PJ1967

Thanks very much for your advice, I will cut A&L card up when BT has been completed, I'm not worried about being able to clear the debt in Jan 2007 as I have a Lump sum due to come in then, so thats one less worry to think about.
This is such a helpful site.

many thanks again