Need help with consolidating please.

FriendofDorothy

I have cleared the balance on egg last month and requested a new balance of £10000 so this should be ok(i think) then at the end of the five months when i have cancelled all my other cards hope that i can get another 0% card with a decent limit so keeping it all together.

My only worry is that the monthly repayment will shoot up to more than i am paying now when i put all the £8,600 on it as i already have an egg loan of £ 8,500 as well

:think: never mind it all has to be paid back in the end so i'd better get on with it

southernscouser

FriendofDorothy wrote:

I have cleared the balance on egg last month and requested a new balance of £10000 so this should be ok(i think) then at the end of the five months when i have cancelled all my other cards hope that i can get another 0% card with a decent limit so keeping it all together.

My only worry is that the monthly repayment will shoot up to more than i am paying now when i put all the £8,600 on it as i already have an egg loan of £ 8,500 as well

:think: never mind it all has to be paid back in the end so i'd better get on with it

Well I'm pretty sure that Egg's minimum payment is 2% so that would be £172 on £8,600.

FriendofDorothy

Thank's that is just what i wanted to know.

I have worked out that i will be able to pay back 210 a month,so this will cover at least the minimum plus a tiny bit more