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Credit Report Priorities
Sheriffsam
Posts: 60 Forumite
in Credit cards
Hi Guys,
SOme advice if possible please.
I have a number of different debts, three overdrafts (one in collecitons) and two credit cards.
My utilisaiton is about 80% in total.
I feel as though replacing the credit cards with 0% BT's would help massively as the cards are both on 30% rates.
I cannot do this at the moment though as my credit score is too low.
What woudl people consider to be the most "toxic" of outstanding balances from the above, and what should i prioritise in order to get to a stage where i can get a 0% BT?
I have one missed payment in the last 9 months.
SOme advice if possible please.
I have a number of different debts, three overdrafts (one in collecitons) and two credit cards.
My utilisaiton is about 80% in total.
I feel as though replacing the credit cards with 0% BT's would help massively as the cards are both on 30% rates.
I cannot do this at the moment though as my credit score is too low.
What woudl people consider to be the most "toxic" of outstanding balances from the above, and what should i prioritise in order to get to a stage where i can get a 0% BT?
I have one missed payment in the last 9 months.
0
Comments
-
You need to tackle the collections issue and then pay down in order of highest to lowest rate.
Go to the DFW board for ways to cut your expenses and pay down faster.0
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