what to pay off??

clarab_3

I've a lovely dillemma, and theres no-one who's advice I trust more than you.

I paid off my last but one credit card, and claimed back the charges with interest. On its way to me in the next couple of weeks is £2000. :j

Now - by interest value, I should pay off my last card and it would be a real monkey of my back to do so... BUT

I could potentially get rid of the black horse loan if I tighten my belt for a couple of months, and the monthly payment on that is £92, as compared to the £24 minimum on the credit card.

Phsychologically, it feels better to get rid of BH and up my payments to the credit card. Some months I am really struggling, so freeing up even £50 a month could be a real difference.

what do you think?

firesidemaid

sounds like a plan except.....

are their any terms / costs etc in paying the BH loan off early?

clarab_3

firesidemaid wrote: »

sounds like a plan except.....

are their any terms / costs etc in paying the BH loan off early?

thanks. No, sadly it was taken back when i was young and stupid and the interest was preloaded. At best I may get some back - at worst, I'm well rid of something that has been weighing me down for 5 years.

I'd just like to have the flexibility of having a few more £ a month. If anything breaks i nmy flat im in big trouble right now!

firesidemaid

i'd get it paid off then - bet you'll be glad to see the back of it if you've had it that long x