Is it really better to pay off debt than save?

DaveK

Christine,

My advice is to transfer your loan and Egg Cards onto your Llyods card (if you can at no cost) or put it on a new 0% card. KEEP THE EGG CARD. On the month of the Aniversary of your egg card (don't know about the blue one) you can do a free BT onto your egg card and it stays at 0% for 5 months (just don't spend on that card).

You've got to be very careful how you manage your debt's as you could quiet easily end up getting into more and more debt if you aren't careful. As a rule I use 1 card for spending, and another for 0% tarting, I'd highly recommend this as it means you set the minimium payments for the 0% by direct debit and then pay off the balance in full each month on the other day to day spending. That way you know you're paying off your debt and living within your means.