Please help....

[Deleted User]

Hi,

First off, stop spending on the cards if you haven't already - cut them up (except one, keep it for an emergency)

According to your SOA you have £224 left at the end of the month after all spends, which you should be using to overpay on your CC's.
You have also said that you have a balance transfer for you Tesco CC (the only one charging you interest). I think that you have two options here.

1) Overpay the £224 on the CC that the 0% will end on soonest, until it is completly repaid, and when it is move on to the next until they are all gone.

or

2) But this one takes a lot of self discipline. Put the £224 into the highest earning instant access savings account that you can find, and then transfer over to CC just before they start to charge interest. This way you will be earning interest and not the CC's, but if having that money in an account will be like money burning a hole in your pocket, then don't do it this way (the extra savings will be minimal anyway due to current low interest rates available on savings accounts), pay directly off the CC's

Unsecured Debts
Description....................Debt......Monthly.. .APR
MBNA...........................2200......26....... .0 when will 0% end and what will the interest rate revert to?
Barclaycard....................1900......44....... .0 as above
Tesco..........................1300......26....... .17.9 as above
Total unsecured debts..........5400......96........-

HTH

D9

dianadoesnt

Thanks for that D9-think i am going for option 1. I havent used my CC's for several weeks and will def cut all but one up.
I think my main priority is to throw all my spare income into paying off the balance (s)
Diana