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Please Help

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Hi

currently have a creit card through hsbc

my balance is £3929.45

I have just paid my monthly min which is £117

however on top of this I am paying a £30.55 payment protector

and interest at 1.527 per month which worked out at £55 for this month. As you can see I am paying £85 or so for which I feel no reason.....I really could do with help and advice as of what to do.....do I move the balance???cancel the protector....???please help.....just to add I also have a £12000 loan with HSBC....so am I going to struggle getting a credit card elsewhere or ote....again please help

many thanks

Comments

  • ukric
    ukric Posts: 139 Forumite
    Payment protection is usually a load of tosh anyway not to mention expensive, cancel it.

    Then move it somewhere interst free, have a look and find the longest 0% BT its on here somewhere

    As for whether you'll get accepted or refused who knows... every lender has different criteria, you can but try
    Nothing's free.....but we'll see what we can do!
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Of course, balance transfer to 0% could be the best solution. Chances to get a new card(s) depend not only on you total debt but also on your income and your credit history (how you managed your debt till now).
    As far as I am aware, payment protection is usually waste of money - just read carefully Terms and Conditions.
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