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!
best and cheapest solution -
g.morrison
Posts: 1 Newbie
in Loans
I have a two loans one with my current bank and one with another. My current loan has an apr of 8.7% for 5years. Have paid a year already. The other is for 18.7% for 120 months again one year paid and no real difference to total owing.
I have approched my bank to discuss consolidating but they are offering a rate of 14.9% for 5years .Other sites are offering 8.7%, although I have not applied as yet.
What are the chances of transferring the smaller amount or part of 7k to a 0% card as a balance transfer.
I would like to know the best , quickest option of paying off. My credit rating is good.
I have approched my bank to discuss consolidating but they are offering a rate of 14.9% for 5years .Other sites are offering 8.7%, although I have not applied as yet.
What are the chances of transferring the smaller amount or part of 7k to a 0% card as a balance transfer.
I would like to know the best , quickest option of paying off. My credit rating is good.
0
Comments
-
how much are each of the loans?
do you have any other debt?
what is your salary?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.2K Banking & Borrowing
- 254K Reduce Debt & Boost Income
- 454.9K Spending & Discounts
- 246.3K Work, Benefits & Business
- 602.4K Mortgages, Homes & Bills
- 177.9K Life & Family
- 260.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards