Loan or Credit Card??? Help!

seh1973

hi,
I have an existing Egg loan which i am paying off monthly, which is fine.
I also have the following:
1. mbna loan (12.9%): £11800 @ £246 pcm
2. ms c card (15.9%): £4800 @ £96 pcm
3. barclaycard (15%): £822 @ £67 pcm

I am conscious i am paying mostly interest on these, esp the cards. I had looked into getting one loan, for £17,500 to cover them all, and get my monthly payments down. However, having read Martin's atricles I see a card might be better, the thing is I cannot see someone offering that much on a card. Would i be better leaving the loan as is and transferring the cards to 0%, or getting one loan with a view to getting it all paid off and destroy the cards?

Thanks for any advice!

Emmzi

Your MBNA loan has the lowest interest rate, I think.

If you can get a 0% credit card and transfer balances over, great. However the challenge is, have you changed your spending habits so you won't just run the debts up higher??

Your order of paying off debt is then...

MC card
Barclaycard
Loans

You would need to make sure you could have another 0% credit card lined up for when zero per cent period ends.

This seems quite a lot of debt - take it you have a good income?