credit cards

cjmarc

hi new to forum,
help needed
what do you think is the best for me now?
owe on a few credit cards
mbna £4000
virgin £4200
halifax £3000
natwest £2900
i am a home owner mortaged, do i try to find new deals which is getting less and less as i've had quite a few over the years 0% .
Should i get a loan or put this debt on to my mortage as this is the best rate i have found.bit of help please.
many thanks
marc

cjmarc

anyone help.
cheers

Caz3121

it would depend on what the interest rates on the cards are currently
as to whether you can add it to your mortgage that would depend on your income and the equity in the property (may not be as simple as it used to be in the current climate)

cjmarc

interest on the cards is sky high(plus only paying minimum payment each month) equity on the property is enough.Is it better in the long run getting a loan.then get rid of the cards.

cifpower

Putting it on the mortgage though would mean you would pay a lot in interest as it is spread out over so many years. Personally, I would take out a personal load.

nsms

dont get anymore loan coz u r olredy n deep !!!!,more so i think u r making a big mistake if u sort of tied it up with ur mort

cifpower

nsms wrote: »

dont get anymore loan coz u r olredy n deep !!!!,more so i think u r making a big mistake if u sort of tied it up with ur mort

English is the preferred language for this forum

Naomim

Are you meeting your minimum payments every month? you'd be better off not putting it on your mortgage as although it's a lower rate of interest than a loan the amount of time you have left on your mortgage will add years worth of interest.

A loan is also not a good idea.

Why don't you post over in the Debt Free Wannabe forum. Post up an SOA and vry clever people will help you to sort out the best way of clearing your debts.

Click HERE

And also put your debts into a snowball calculator and have a play around

Click HERE

Naomi x

never-in-doubt

nsms wrote: »

dont get anymore loan coz u r olredy n deep !!!!,more so i think u r making a big mistake if u sort of tied it up with ur mort

haha - !!!!!! is that language? "hoodie-happer"? hahaha:j