New DFW- Credit Card Advice

Stubbsy055

Right, finally decided to get my overdraft and credit cards paid off. Has been an expensive last year with me spending money on doing the house up, treating myself to a few holidays and paying the household bills whilst my girlfriend gets qualified (qualifies FEb) for her new career.

Anyways, I've been through all bills and reduced them as much as I can, vodafone down to £12.50 pm, BT Broadband £9.50 pm etc.

Now need to get the overdraft and credit cards sorted as follows:

Nationwide Overdraft £1600 reducing to £1000 this month

Nationwide Credit Card, out of deal: Limit £5500, Bill is £1600

Barclaycard Credit Card (0% till April 09) Limit £5000, Bill £2700

Capitalone Credit Card (0% till December 09) Limit £5000, Bill £2700

ACTION:

1)I propose to move my Nationwide Bill of £1600 to Capitalone who are still offering my 0% on BT. Then get the nationwide card closed.

2) Reduce the overdraft facility by £100 each month

Any advice/ideas welcome please.

Verbatim

Sounds good. When I was doing the shuffle it was a question as to whether closing a card so as not to have too much "available credit" was better than hanging on to it with a £0 balance and hoping for a further 0% deal later.

You seem to have it all under control though.

Stubbsy055

Update.

Transferred my Balance from nationwde CC to Capitalone on Saturday. So thats there 0%apr till Dec 09.

Next stage is to close the nationwide CC to stop me spending money I don't have.