To loan or to balance transfer

rosstipha

Im currently in £8000 of credit card debt of the back of travelling I am now in a secure(ish in this day and age) job
I have worked out my finances and I can pay £200 a month to slowly clear my debt.

My question is am I best to transfer the balance of my credit card or do I get out a loan for the remainder.

Ive quite a good credit refrence I've paid off a loan with the AA, and always kept up with my minimum payments on my cards.
The only other thing worries me is as been a bit of a credit card tart over the years so I have had accounts with Sony(MBNA), HSBC, Tesco, Abbey, Natwest and capital one so im not sure theres that many other options outhere now there all in bed with each other.

If any one could help that would be great.:beer:

Airwolf1

Have you closed all these other accounts for the cards you've had in the past?

A balance transfer would be better and maybe one of the offers over a long term - see here http://www.moneysavingexpert.com/cards/balance-transfer-credit-cards#cheapest

If you got another card, are you sure you'd get a credit limit of £8,000 to initiate the balance transfer?