Snowballing Help

debtblue

Dear all

as it stands on 10/04/07, I have managed to reduce my debt to £31k now. However I have just sold my car and I have £2000 spare, even though I m snowballing but I m not sure if thats working. As you can see I have loans & CC both. Credit cards give me a flexibility to pay as and when but they don't reduce the debt whereas with loans I know I will finish my loans by a certain month and year. So now the question is shall i pay my loan by credit card at 3.9% life of balance transfer. I m confused please look at my debts and help me understand what should I pay with £2000 i have extra.

Bank - Limit - Min Payment - Balance - Rate
HSBC Credit Card -£4,000.00-£0.00- £0.00 -15.90%
Marbles- £500.00- £0.00- £0.00- 9.90%
HSBC Grad Loan- £5,000.00 -£102.50- £3,517.50- 7.90%
Hamilton Direct- £5,492.42- £83.19 -£4,094.62- 7.80%
Sainsbury C Card- £1,260.00- £29.00- £1,230.00- 5.94%
HSBC PG Loan -£5,000.00- £100.50 -£3,472.75- 5.50%
Amex Credit Card -£5,400.00-£114.00- £4,544.71-4.90% Life of BT
M&S Card-£8,000.00-£174.57-£5,819.00-3.90% Life of BTstill can xfer £2181 at 3.9%
HSBC Overdraft-£2,000.00-£7.00-£1,200.00-0.10%
Control CLI-£3,204.44-£20.00-£3,204.44-0%
DFS (GE money)-£1,632.00-£1,632.00 -0%
DFS (GE money) -£614.00- £614.00- 0%

Please advise.

Debtblue :mad:

marty1888

debtblue wrote: »

Hamilton Direct- £5,492.42- £83.19 -£4,094.62- 7.80%

probably that