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What should I pay first?

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2»

Comments

  • Tixy
    Tixy Posts: 31,455 Forumite
    Probably might be worth it - check out what the balance transfer fee would be.
    Also double check that you can do a bt up to that amount (some card providers have a lower balance transfer limit than the full credi limit).

    Another option and to save balance transfer fees - is the slow stooze option. With that you use the hsbc card for various day to day payments (groceries / fuel etc) and then the money in your bank that you would have spent on that you use to pay off the barclaycard quicker. Obviously it only works if you are disciplined to ensure you do pay it all you spend on 1 card to pay off the other.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • HitTheBeach
    HitTheBeach Posts: 42 Forumite
    I haven't been a regular since my last post last year.

    I just wanted to come on and say a big THANK YOU!

    I have paid off everything I owe. I am now debt free and only owe my mortgage. 59k.

    I'm delighted!

    Thanks again!
    12/2013 Mortgage £58430.63 - 24 years remain
    02/2014 Mortgage £37095.41 - 12 years remain
    04/2014 Mortgage £33385.06 - 10 years 5 months
    09/2014 Mortgage £22270.30 - 6 years 4 months
    02/2015 Mortgage £12001.09 - 3 years 2 months
  • HitTheBeach
    HitTheBeach Posts: 42 Forumite
    The replies on this post changed my life. THANK YOU to you all.

    My journey since this first post has been amazing. I'm around 3 months from being debt and Mortgage free. So happy. :)
    12/2013 Mortgage £58430.63 - 24 years remain
    02/2014 Mortgage £37095.41 - 12 years remain
    04/2014 Mortgage £33385.06 - 10 years 5 months
    09/2014 Mortgage £22270.30 - 6 years 4 months
    02/2015 Mortgage £12001.09 - 3 years 2 months
  • PinkPoppies
    PinkPoppies Posts: 562 Forumite
    Oh I love it when people return to old threads to update with happy endings!

    Well done HitTheBeach, must be an incredible feeling seeing all your hard work pay off!
    Total Starting Debt August 2014- £38,061
    Current Debt- £3600
    Mortgage Offset Savings- £600
    90.5% paid off so far...
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