📨 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!

Credit Card or Loan

Options
2»

Comments

  • 12bdebt3
    12bdebt3 Posts: 446 Forumite
    Ninth Anniversary 100 Posts Combo Breaker
    edited 24 January 2011 at 11:42AM
    drew2k9 wrote: »
    but the loan is to pay off the credit cards is it not? then that credit WILL become available again, and the OP will have the debt of the loan, and the opportunity to double their debt as the credit cards will be available to spend on again.

    bad idea getting a loan i think. stick to paying off what you have now, don't try the quick fix, getting debt to get rid of debt doesn't make any sense!

    Sorry it was my assumption that the OP would cancel the credit cards...
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.