We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Debt consolidation, yes or no?
Options

MrUniveristy
Posts: 45 Forumite
in Credit cards
I'm trying to sort out my debts before I shoot off to univeristy (lol)
I currently have a £3000 settlement figure on my HP car.
I have £1800 in cash to pay onto it leaving me with £1200 to make up. Is it best to pay the remained on my nationwide credit card and balance transfer it to my Barclays 0% until February 2015 and hack at the balance until August? Or just save the money and pay it off in full, bearing in mind I'll be paying £163 a month finance @ 15.9%.
Regards,
I currently have a £3000 settlement figure on my HP car.
I have £1800 in cash to pay onto it leaving me with £1200 to make up. Is it best to pay the remained on my nationwide credit card and balance transfer it to my Barclays 0% until February 2015 and hack at the balance until August? Or just save the money and pay it off in full, bearing in mind I'll be paying £163 a month finance @ 15.9%.
Regards,
0
Comments
-
Have you checked if you can pay the HP off with a credit card (with no fee).
If you can then it depends on how much you can afford to repay to the debt each month as to which option would be best.
Will you only be paying £163 regardless of where the debt is? or will you be able to afford more?A smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0 -
I'll be paying £650 off the CC each month.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards