A snowballing question

all_hours

you make the minimum payment, each month the balance comes down and the minimum payment reduces slightly. but you don't reduce the total you pay, you pay the little extra to the card with the highest interest.

if the snowball calculator says to pay the 0% first, then it is assuming after the 0% period you go back to paying full interest, it doesnt account for any tarting you do to keep the interest at 0%.

Mule

Thanks for your advice everyone- it's really helpful. I think I am able to overpay on my loan. I am not in a position to do that at the moment but I am hoping I will be at some point if I can re-jig things a bit.

CLAPTON

I'm sure you know this but as the devil in all in the detail:

a. if c2 and c3 are outside their special offer period do not move any debt to them or spend on them

b. be very sure about the loan T&Cs before overpaying because you may gain no benefit.

c. how good is your credit record ...can you get a new LOB card and move
CC1 to it?

Mule

Thanks Clapton, that's useful advice. I'll check out the T&C of the loan. I think the way to go with the CCs is to try and move CC1 on to a LOB card. I managed to get the other two CCs in the past few months to transfer but they never give me a big enough limit to transfer everything - hence me having 3 of the b****y things!