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Credit Card or Loans
chrisyboy31
Posts: 1 Newbie
in Loans
I am looking for some advice.
I currently have 4 credit card which are not maxed but between them the amount adds up to £17,000. I am eager to get them paid off. Each month I pay the mininum but a bit extra. However having worked this out this will take me forever to get them clear.
I am considering getting a loan from my bank, to get them all paid off.
Can you please offer advise as to if you think this is a good idea
I currently have 4 credit card which are not maxed but between them the amount adds up to £17,000. I am eager to get them paid off. Each month I pay the mininum but a bit extra. However having worked this out this will take me forever to get them clear.
I am considering getting a loan from my bank, to get them all paid off.
Can you please offer advise as to if you think this is a good idea
0
Comments
-
Credit Card would be a better option
0 -
what's your income
what's your total debt
what are the APRs of your debts
what do your credit files say0 -
I think it depends on so many factors like rate of interest, your earning, the company etc. So one should decide from those factors.0
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