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Shift all debts to 0%?

Broke_Kitty · 2014-01-16 16:56:46

My current situation is outlined in my signature in quite a bit of detail :) Looked into getting another money transfer credit card at 0%, and I'm eligable for one (soft search), but after snowballing, it would only cut off 2 months from my DFD! It would save me £450 in interest, so it is tempting. The interest on my loan…

Comments

Broke_Kitty Posts: 305 Forumite

17 January 2014 at 1:46PM

I applied just now and got accepted, with a limit of £2,100 woo hoo! I should be able to transfer £1,890 of that so I will only have £1,062 to pay off my loan. Which at my current MINIMUM payments, will take 9 months to pay off - but obviously I am making overpayments, so it will go down quicker than that.

Snowball calc reckons I'll pay approx £75 in interest now. Which will decrease the more I overpay.

LBM moment Nov 2013
Barclaycard 0% [STRIKE]£2,719.64[/STRIKE] £1,575.22♦ Virgin 0% [STRIKE]£3,224.00[/STRIKE] £2,533.08♦ MBNA 0% [STRIKE]£1,994.72[/STRIKE] £2,473.53♦ Lloyds Card 0% [STRIKE]£1740[/STRIKE] £1,260♦ Loan 22.80% APR [STRIKE]£3,585.63[/STRIKE] GONE:j ♦ Invisalign 0% [STRIKE]£2,493.26[/STRIKE] GONE :jOriginal Total: [STRIKE]£13,120.17[/STRIKE] Now: £7,841.43
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