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applying for balance transfer deals or consolidating loans

Hiya,

I am tryng to find a way to save money on interest and also enjoy the flexibility of doing so....i need your experienced help on this.

I have the following debts
LOAN 9,000 (Paying 262 /month) have 45months lefts

LLYODS CC --DEBT OF 5533

VIRGIN CC DEBT OF 3933

am better off trying to pay my cc off with bt or shd i consolidate it all in another loan?

please help

Replies

  • edited 12 April 2010 at 8:47AM
    CannyJockCannyJock Forumite
    3.8K Posts
    edited 12 April 2010 at 8:47AM
    What's the APR on the cards and the limits on them?

    You'll need to get a settlement figure for the loan to know how much you need to pay to clear it - it won't be 262x45.

    What's your credit history like and have you checked your credit report to ensure everything's in order there?
    "A child of five could understand this. Fetch me a child of five." - Groucho Marx
  • ConsumeristConsumerist Forumite
    6.2K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    Forumite
    Yes, more info needed.

    The OP is a newbie and probably can't find the post again.

    Another brilliant move by the site admin to switch off the default thread subscription option to "do not subscribe"
    >:)Warning: In the kingdom of the blind, the one-eyed man is king.
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