I want to have my Loan + Credit Card in One Monthly Payment. Advice Needed

elroy81

Hi firstly thanks for taking the time to read this.

Right basically I have a £10,000 loan with Halifax which im paying £250 a month to pay off over 48months, then I have my Barclaycard Creditcard that I have -£6500 with im currently paying £139 a month.

So im paying about £389 a month, Ideally I want to get this monthly cost down and instead of having 2 seperate payments coming out, just have the one payment coming out.

Can anyone please give me some tips or advice on how the best way to do this would be.

Thanks for your time.

Many Thanks
Lee

Tixy

What are the interest rates on the loan and the card currently?

Ideally you want to get the monthly cost down - presumably you realise that thats likely to mean you'll be paying the debts over a longer period and will probably pay more in interest overall?

Getting a consolidation loan could be very difficult given the level of debt you already have. How much do you currently earn?