Need some help with BTs please

mik9191

Hiya all, been reading this site for a bit now but not got round to posting.

I need some help with my credit cards as I want to pay them off asap and the best way to do that is to pay the lowest amount of interest on them so any spare cash goes on them.

I owe:

Marbles £2070 (7.9% til May), limit is £2900
MBNA £2300 (1.9% til June), limit is £2500
M&S &More £1930 (0% til July), limit is £3250
EasyMoney £3000 (7.9% til Aug), limit is £3100
Barclaycard £2250 (6.9% LOB), limit is £2500

I have a HSBC card which is now clear (has a £2500 limit)

I have just done a BT from my EasyMoney card to my HSBC card as the HSBC card was about to go up in interest to 18.9%. :eek:

I can't get anymore cards as my credit rating is awful as I have a default.

I phoned HSBC after I cleared my card and they said I could have another BT at 5.9% for 6 months.
Also online it still says I can BT at 1.9% with MBNA, there is a 2% fee with that, max £50.
Marbles, HSBC and M&S &More are all run by HSBC so I can't BT between them.

Help is very much appreciated. Thank you.

ti1980

I think you should try phoning up HSBC and see what they offer you on a BT rate now your account is clear with them.
Also see if M&S will give you a further 0% on the rest of your credit limit.

I'm sure someone else will be along soon to give more helpful advice.
My maths isn't good enough to go much further I'm afraid.