Credit Cards to Loan

I have to Credit Cards one with £7000 and the other £6000 and as i am just paying the minuium payment on both around £300/month i was going to take out a loan to pay off both Cards.

What is best to do??


  • Lynxx
    Lynxx Posts: 4 Newbie
    I was in a similar situation as you. I realised I was just paying the minimum each month and it would have taken me years to pay it off, if ever at all! I shopped around and ended up getting a Tesco Loan for the combined balances of the cards I had and just paid them off and cancelled them both. Best thing I ever did and Tesco were really great and quick with the loan, gave me a good rate as well and I have the knowledge that in x amount of time, it's all paid off. :)
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