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Credit card or overpay mortgage?
Eloise80
Posts: 11 Forumite
This is my first post on MSE (although I've been hanging around for a while), so apologies if it seems like an obvious one!
If your fixed rate was coming to an end and your mortgage payments were due to drop by around a third as you moved onto your lender's SVR, would you a) immediately start to overpay on your mortgage, or b) clear your £1200 credit card debt first, then overpay the mortgage?
Opinions?
If your fixed rate was coming to an end and your mortgage payments were due to drop by around a third as you moved onto your lender's SVR, would you a) immediately start to overpay on your mortgage, or b) clear your £1200 credit card debt first, then overpay the mortgage?
Opinions?
0
Comments
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Whichever has the highest interest rate.Act in haste, repent at leisure.
dunstonh wrote:Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.0 -
'nuff said - nothing to addSpace available for rent0
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Clearing the CC debt will also help when you start looking for another deal!0
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Thanks guys, that's pretty much what I thought!0
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