We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Best Way Forward? Help...
Jc1
Posts: 10 Forumite
Hi All,
I am unsure how best to tackle this so hoping you can help.
I have 3 credit cards and a loan as follows:
Capital One Card = £1900
Nationwide Card = £3900
RBS card =£3700 (currently on 0%, interest kicks in Jan)
Nationwide Loan =£6000
I am cashing in £2500 of shares I have and want to check my thoughts are the best way to start tackling this.
Was thinking of clearing the Capital One then hitting the Nationwide Card, however, not sure if I should hit the RBS one before the interest kicks in? I’m I always best hitting the one with the interest?
Already been knocked back for a Barclays card a few months ago, was trying to transfer the nationwide card balance to that for the 0% interest.
I take it my credit file will look better if I clear off a complete balance and a bit of another one? Rather than bits of them all? Thinking I will apply again for another card with 0% on balance transfers at the turn of the year?
Sorry if this all seems a bit obvious but I’m in a bit of a pickle with it all. Just about managing to keep on top of it all, with minimum payments though!!!
Thanks.
I am unsure how best to tackle this so hoping you can help.
I have 3 credit cards and a loan as follows:
Capital One Card = £1900
Nationwide Card = £3900
RBS card =£3700 (currently on 0%, interest kicks in Jan)
Nationwide Loan =£6000
I am cashing in £2500 of shares I have and want to check my thoughts are the best way to start tackling this.
Was thinking of clearing the Capital One then hitting the Nationwide Card, however, not sure if I should hit the RBS one before the interest kicks in? I’m I always best hitting the one with the interest?
Already been knocked back for a Barclays card a few months ago, was trying to transfer the nationwide card balance to that for the 0% interest.
I take it my credit file will look better if I clear off a complete balance and a bit of another one? Rather than bits of them all? Thinking I will apply again for another card with 0% on balance transfers at the turn of the year?
Sorry if this all seems a bit obvious but I’m in a bit of a pickle with it all. Just about managing to keep on top of it all, with minimum payments though!!!
Thanks.
0
Comments
-
What APR are the other debts at?DEBT FREE AND PROUD
'Better to remain silent and be thought a fool than to speak out and remove all doubt'0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.1K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards