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Balance transfer

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Comments

  • Verbatim
    Verbatim Posts: 4,831 Forumite
    Part of the Furniture 1,000 Posts
    Norwhich and Peterborough 6 months at 0% is still fee free. Take a look at martin's list on the main site here. Not the chat forums, not sure if I can do a link
    CCs @0% £24k Dec 05 £19,621.41 Au £13400 S 12600 Oct £11,981 £9481 £7500 Nov £7250 D £7100 Jan 6950 F £5800 Mar£5400 May £4830 June £4660 July £4460 Aug £3200, S £900, £0 18/9/07 DFW Nerd 042
  • scorpioto
    scorpioto Posts: 86 Forumite
    Well bad news, I didn't get accepted for the M&S credit card and I am a bit worried about applying for others incase the same thing happens and it affects my credit rating. However I did get an offer off one of my CCs offering 0% on balance transfers for 6 months with a 2.5% fee, I could transfer the whole £5900 that would cost around £150 but how much interest would I be saving? I think the APR on the largest CC debt is 16.9%, correct me if I am wrong but that works out at about £83 interest a month so I would be saving + - £300 in the 6 months. Can anyone check that for me before I take the plunge.
    My target for this year is to pay off my last CC and reduce my loan as much as poosible

    Debt free date March 2009
    :j

    Tis a far far better thing that I do now than I have ever done :D

    OFFICIAL NERD No. 328 :T

    PROUD TO BE DEALING WITH MY DEBTS
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