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can any one help

jcton · 2011-01-10 19:05:35

At present i have 2 Credit card, details below. Virgin Credit Card – 0% until Feb 2011 – Current balance £900 Halifax Plus Credit Card – 16.8%APR - £4,200 i have £1000 Premium Bonds which i purchased in 1975 (kind have forgotten about) and £4,500 in a savings account. Should i look to transfer credit cards, or should i pay…

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pqrdef Posts: 4,552 Forumite

11 January 2011 at 10:21AM

A lot depends on what you earn and what you spend and how much you've got left over.

Virgin will probably offer you a 0% balance transfer, if they haven't already. The website will tell you where you currently stand for offers. If there's a 0% BT going, I think I'd transfer the Halifax balance. Cash in the Premium Bonds to pay off the existing Virgin balance. Then sit back and take stock and plan and budget.

"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
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can any one help

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