newbie needs help

wigglers

hi my girlfriend and me have a £5000 barclaycard maxed out at 17.9 % and a virgin credit card at £2000 (about the same apr) maxed out too we tried doing a balance transfer but now the virgin card isnt 0% interest and is full. we just got an insurance payout of £3000 and not sure which is the best way to go about paying it to reduce them? oh and hsbc have offered me a £1000 limit card with 0% free for 15 months so i could i put part of my gfs debt on that? please help thanx matt

GeorgeUK

Barclaycard - 5000 - 17.9
Virgin ....... - 2000 - 17.9?

Is this correct so far?

You also have 3000 cash and HSBC - 1000 @ 0%?

I would also ask why the cards are maxed out - have you done a budget, are you struggling to make the minimum payments?

With what you have put so far, i would transfer the Virgin balance to HSBC and clear the remainder from the insurance payout. The reduce the balance of the Barclaycard by at least 1500.

I know that Virgin quite often give promotional balance transfer offers to existing customers, so you may be able to take advantage of this later to deal with the Barclaycard debt.