Snowballing & tarting Question

Alleycat

Hi guys,

After spending ages inputting various scenarios into the Whats the Cost snowballing calculator, my eye balls and brain are ready to explode! I could therefore really do with some help/advice from you lovely people in working out how best to snowball and/or tart the following debts:-

Nationwide loan - £6337.28 - APR 17.3% - paying £243.52 until 17/2/2016

Nationwide CC - £1211 - APR 9.9% - paying £175 p/m (limit £1750)

Barclaycard CC - £1480 - APR 0% until December 2014 - min payments until Nationwide CC cleared. (new card with limit of £4000 that I have just used to balance transfer the Virgin CC onto)

Virgin CC - NIL balance - 19.5% (limit £2700)

As our nursery fees are reducing soon, we'll also be in a position to overpay 3 times per year at approx £500 a time starting from December and we also put any additional money we've saved from Ebay/grocery challenges etc in as and when (although this really isn't a great deal - maybe £20-30 every 3 to 4 months or so).
What the Cost says it will take 22 months going at our current rate (without the above overpayments) to clear everything.


However we've been accepted for a loan with First Direct at 5.1% which if we confirm would consolidate the Nationwide loan and Nationwide credit card and with ongoing payments to Barclaycard CC, would mean that our debt free date would still be in 22 months. The amount of interest payable between each scenario is fairly negligible.

There is one other scenario though that I think we could consider but my brain is getting rather addled! The limit on Barclaycard is £4000 so we could pay off approx £2470 from the Nationwide loan with the Virgin CC then straight away do a balance transfer onto the Barclaycard. There is a fee of 2.5%. Although as we've only just BT'ed from Virgin, could we do it again from the same card so soon?

Aaargh, I think I need a lie down in a darkened room or half a bottle of wine after all that!!