pay more of my mortgage or credit card??

mstar

hello ppl, apologies if this is posted in the wrong place...

i wanted to simply know if its better to pay off my credit card first (which 0% finishes in 6 months) or pay off my mortgage first (by paying more into my replayments) we are on intrest only at the moment as we just purchased the house 4 months ago and now we are financially stable:beer: to switch to replayment.

i am looking to buy another property in 8-1 years time and applying for a mobile phone in 1-6 months time.

i was thinking which would i get more brownie points (a better credit record) being lower?

p.s i have 7k credit card balance.

truescot

As soon as you start paying interest on non-mortgage debt it is always better to pay it off before your mortgage. Until then, paying minimum payments won't adversely affect your credit rating.