Little advice please.

tyllwyd

The thing about paying back loans is that they often seem to charge you the interest for the whole term even if you pay them back early - so if you have got credit card debt, and you use your cash to pay back the loan rather than the credit card, in effect you are paying interest twice on the same money borrowed because you still have to pay the interest on the credit card debt. Unless you get a decent reduction for settling early, you are probably better off accepting that you made the decision to take out the loan so you are stuck with paying the interest on it, and getting all your other debts paid off instead.