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A little Advice please!!!
mom23
Posts: 746 Forumite
Hi
I paid the balance of my daughters holiday on my john lewis cc (due to bank holiday her money hadn't cleared!)
She has today put the money in my bank account.
Now my query is should i pay this 800.00 straight back to JL or should i chuck it at barclaycard which is a higher interest rate!!(my idea is to try and clear b/c and eventually try and BT JOHN LEWIS!!
Is it as broad as it is long??
Do i make sense!!LOL :rotfl:
I paid the balance of my daughters holiday on my john lewis cc (due to bank holiday her money hadn't cleared!)
She has today put the money in my bank account.
Now my query is should i pay this 800.00 straight back to JL or should i chuck it at barclaycard which is a higher interest rate!!(my idea is to try and clear b/c and eventually try and BT JOHN LEWIS!!
Is it as broad as it is long??
Do i make sense!!LOL :rotfl:
0
Comments
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Nothing has a zero balance so I assume you're paying interest on it from day one.
Chuck it at the highest interest rate!
Hope she has a fab holiday.Debt free 4th April 2007.
New house. Bigger mortgage. MFWB after I have my buffer cash in place.0 -
Hey,
I second Emmzi - Put it on the one with the higher interest rate! Will save you money in the long run, especially if the interest rates are significant?
Snich xProud to be Dealing with my Debts0 -
Hi thanks for your replies!
Have put figures into snowball calculator and they agree :T0
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