Bt Or Lob??

stopthespends

hi all

just wondering if it is better to do 0% or LOB? ive got about 3500 debt to pay off


thanks

stopthespends

sorry my total is 4664.18

Moggles_2

Well, a 0% balance transfer card would save you more money.

To maximise the 0% period, 16 months is currently available to new customers from Virgin. There's a 2.98% handling charge.

http://uk.virginmoney.com/credit-card-v3/

That said, there's no perfect solution that suits everyone. Martin's *Best Balance Transfers* article explains the pros and cons of 0% and life-of-balance deals and how to decide.

http://www.moneysavingexpert.com/cards/balance-transfer-credit-cards#choosing

stopthespends

thanks i will have a look at the article thanks....

also ive got 3000 at 0% offered...would it be best to put most on there and then do lob?

how long does lob take for that amount and can you make extras if you want???

sozz for the questions

CLAPTON

which is best depends upon how much you can afford to pay off each month and of course what the LoB APR is
... if you can clear the debt within the BT 0% period then that's best but if you are going to take a long time to clear it then a LoB may be better

assuming of course you can get these cards and a sufficient credit limit.