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Wondering if ?
I have just cancelled my Barclaycard as they wanted to put the interest up to 27% from 22% my balance is £5k i have a natwest loan also im not in a postion to pay the card off yet at 22% its going to take a long and expensive time just wondering about some other form of finace at a lower rate any suggestions
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Comments
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Firstly see if you can open a credit card with 0% APR on balance transfers for as long as possible. Some offer up to two years. Then just pay off as much as you can during the interest free period.
Alternatively, If you are able to secure a loan at a lower APR then do this if you can't get the credit card. Just don't take more than you need to pay it off.0 -
What is your credit rating like?
I would discuss the possibility of amalgamating the Nat West loan and Barclaycard loan if the interest rate offered is better than you are paying now.
This is if you cannot get a 0% card. Sod's law here the more applications you make for a credit card the higher risk NW may perceive you if they were to agree to a new loan.0
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