What to do????

felix43

I am looking for advice please:o. I have trustcard with LLoyds TSB and the current balance on there is just under £10k. I have been paying my monthly bill regularly and on time. The monthly fee I have been paying is around £210.

I am thinking of transfering the balance to a new 0% credit card, ideally with a limit of £10k. Is this possible?? and are there any particular companies that anyone can recommend at the moment?:(

I am very new to this and have never dealt with transferring a balance between cards before, therefore, any help is very much appreciated.

Saucepot

Certainly possible, but there is no guarantee you'll get a 10k limit on the new card. Even so it may be more cost effective to transfer even part of your debt to 0%. Work out how much you can pay off of the actual sum and what the APR turns into after the 0% is up to work out whether it is overall cheaper over the life time you intend to hold the debt for.