Loan or continue paying off credit card

Mhuireann

Hello,
I owe £3000 on a Barclaycard credit card, APR on purchases 19.9%. Wondering whether to go for a loan with Zopa or continue to pay off my card. I can afford a payment of £250 a month.

Understand about balance transfer but all the new and good deals seem to be with Barclaycard an only apply to new customers.

Please help what will I do, sick of having this hanging over me.

Mhuireann

CLAPTON

Mhuireann wrote: »

Hello,
I owe £3000 on a Barclaycard credit card, APR on purchases 19.9%. Wondering whether to go for a loan with Zopa or continue to pay off my card. I can afford a payment of £250 a month.

Understand about balance transfer but all the new and good deals seem to be with Barclaycard an only apply to new customers.

Please help what will I do, sick of having this hanging over me.

Mhuireann

If you pay 250 a month on the card it will be clear in just over a year (say 13 months) : that doesn't seem too long.

However, if you have a good credit history and a decent income then Halifax, Natwest, Sainsbury offer 0% BT deals