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Paying off a CC Debt with ISA money?
Starzy
Posts: 17 Forumite
Hey guys,
I have £350 in an ISA, that I only started saving last month due to having payed off all my debts.
I have just been looking at my accounts and noticed that I still owe £252 on a CC, not sure how I missed this but I would love to get rid of this asap.
Should I use my money in my ISA to pay this off is the question?
All help would be great.
I have £350 in an ISA, that I only started saving last month due to having payed off all my debts.
I have just been looking at my accounts and noticed that I still owe £252 on a CC, not sure how I missed this but I would love to get rid of this asap.
Should I use my money in my ISA to pay this off is the question?
All help would be great.
Save £12k in 2017 #164 - £575/£6000
0
Comments
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If you are paying more out in interest than you are getting back then yes.Barclaycard 3800
Nothing to do but hibernate till spring
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I would pay it off if it were me, personally.Bank Balance: In the black for the moment.
Sainsburys Loan: Cleared July 2010
Credit cards: AMEX Airmiles Card: direct debit set to clear balance monthly
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Pay it off then you know your savings will be working 100% for you and there will be no false economyIf it doesnt pay rent sell it.
Mortgage - £2,000
Updated - November 20120
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