Last debt - Would this be stupid?

Mimi_Arc_en_ciel

Hi everyone,

I dont know if you will remember my SOA before I went on Mat leave but basically I had 2 debts - Studio and Next.

I've paid off my studio but am still only making the monthly repayments on my next account (I can only afford this at the moment as the council are trying to workout my HB now I am fully on SMP)

Anyway - My next account is currently to the tune of £561.56 with the minimum repayments of £50 a month - So its going to take me a year to pay off. The APR is 25.99% Varible

Now - would this be completely stupid - If i get a 0% interest credit card, Pay the next bill off then close it, repay the credit card and close it??

Or am I better to try and up the payments on next?

Thanks!

Hovel_lady

If you close the Ne*t account, pay off the debt before the 0% deal runs out AND don't put anything else on the cc then yes, it's a good idea