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Balance transfers, best use of 0% deals??
solo7023
Posts: 1 Newbie
in Credit cards
Hi guys! first post, hope you can help. Have just completed the 'Credit Card Shuffle' planning table. It has been a great weight lifted as we were paying so much interest monthly it felt as though we were going backwards!!:mad: Anyway I have just obtained an Egg card with £6,000 of credit, I have an MBNA card (19.9%) £4063.35 of debt, Virgin Card (owned by MBNA) (29.9%) £868.08 of debt, and lastly a Debenhams card (24.9%) £877.00 of Debt.
My question is do I shift all debt? We can afford to clear one of the smaller cards within 3 months, then the next? Should I just put the large MBNA onto egg, clear the smaller ones then move onto the large debt at 0%? This appears to be the way Martins card shuffling advice seems to work. Any advice gratefully received.
My question is do I shift all debt? We can afford to clear one of the smaller cards within 3 months, then the next? Should I just put the large MBNA onto egg, clear the smaller ones then move onto the large debt at 0%? This appears to be the way Martins card shuffling advice seems to work. Any advice gratefully received.
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