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B/T or not??
PM1CAS
Posts: 40 Forumite
Hi,
I have the following debts:
NWB c/c £966 0% 16 months
Cap 1 1048 34.9%
Barclaycard 2091 6.9% for life of balance
I should be able to pay all wages from both jobs, say 1k off this month.
Should I pay off Cap 1?
Or should I transfer Cap 1 to 0%, (2.9% transfer fee) and pay 1k off barclaycard?
Dumb question I suppose but I can't figure out which is best as a b/t would incur a fee of say £30?
Help!
I have the following debts:
NWB c/c £966 0% 16 months
Cap 1 1048 34.9%
Barclaycard 2091 6.9% for life of balance
I should be able to pay all wages from both jobs, say 1k off this month.
Should I pay off Cap 1?
Or should I transfer Cap 1 to 0%, (2.9% transfer fee) and pay 1k off barclaycard?
Dumb question I suppose but I can't figure out which is best as a b/t would incur a fee of say £30?
Help!
0
Comments
-
If you can comfortably pay off he entire balance of Capital 1 then that's the cheapest option in the long-run. If you are only paying the minimum payment on the Barclaycard account you should move that balance to a 0% (£60 fee) or aim to pay that one off in full after the Cap 1 card.0
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