We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Credit Cards to Loan
christymac
Posts: 1 Newbie
in Credit cards
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??
What is best to do??
0
Comments
-
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.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards