Should i apply?????

Heavy

Hi everyone.I have just totalled all of my outgoings each month to pay off debts.I owe around £4000 and pay at least £500 a month to them.I am considering a personal loan to then only have one repayment a month but am worried about being tied into this for a few more years,in case if something happens and i cant afford the repayments.I owe
£2300 m&s more card (3.9% life of balance though)
£460 Egg card
£480 Loan
£620 lloyds tsb visa (16.9%!!!)
Im not so bothered about the loan as it is only 2 payments left on that now to pay it off but i dont know if a loan for the others would be beneficial.I see loan rates at the minute are approx 6%.
Any advice anyone?

danielharris91

Heavy wrote:

£620 lloyds tsb visa (16.9%!!!)QUOTE]

Egg card is 16.9%?

danielharris91

Oops b

tyllwyd

Over on the Debt Free Wannabe board, most people there prefer snowballing debts rather than consolidating (ie paying most to the one with highest APR) to get rid of them asap. There is a calculator here http://www.whatsthecost.com/ to see what effect that would have for you.