credit cards

waynemaria

i am currantly doing agency work and i am not on a regular income. i have 3 cards with debt of 10 grand i have rung the card issuers for cheaper deals on interest rates and got not a lot of joy is there anything else i can do to lower my rates?

JollyNolly

Hi waynemaria - I think the guys here are going to need some details, like which cards you've got at the moment and what the balance and interest rate is on each card.

waynemaria

in reply to your question
barclaycard @14.9 balance 4200.00
amex blue @18.9 balance 3090.00
m&s @15.9 balance 2900.00
any advice would be gratefully received

Heinz

waynemaria wrote:

in reply to your question
barclaycard @14.9 balance 4200.00
amex blue @18.9 balance 3090.00
m&s @15.9 balance 2900.00
any advice would be gratefully received

I don't think anyone here can give better advice than that already given in Martin's article on Credit Cards.

All the necessary information is there but you'll have to make your own choices - see the "[font=Arial, Helvetica, sans-serif]Can you pay off the debt within roughly a year?[/font]" section for example.

The thing that shouted at me about the figures you quote (apart from horror but that's a 'been there, done that' reaction) is all those interest rates are outrageously high and you need to move those debts to accounts with far lower (single figure or, better still, 0% - at least for a time) % rates.

Read the article, make a plan and stick to it.

Best of luck.