Quick snowballing question

vix1978_2

Ok, so I want to pay off one card quicker than others and I've decided to do it in size of debt (possibly not the most cost effective way, but I think getting rid of the smaller ones sooner will keep me motivated). All of my credits cards are set up on Direct debit to pay the minimum payment, do I keep the card I am throwing all my spare cash at set up as a direct debit, or shall I cancel this and make the payment each month when I know how much I have throw at it? Probably a silly question, but I don't want to get myself confused before I start.

SunderlandBlackCat

I've always left the minimum repayment DD's in place as a "just in case" measure & then paid any extra separately.

vix1978_2

SunderlandBlackCat wrote: »

I've always left the minimum repayment DD's in place as a "just in case" measure & then paid any extra separately.

Thank you! I've got so much going on in my head at the moment I can't think straight any more and I didn't want to do anything silly

Crown

SunderlandBlackCat wrote: »

I've always left the minimum repayment DD's in place as a "just in case" measure & then paid any extra separately.

Totally agree woth SBC,

Its much safer to leave the DD in place and then at the end of the month you know exactly where you are.

warburtonrichard

Definitely, however illegal the overlimit and missed payment charges are, they're a much bigger pain in the tuckus than making a slightly bigger payment than you wanted to.