£140 interest every month Barclaycard, help!

GooliesOfFire

jaybee1982 wrote: »

Just did the Nationwide check and would save me over 2 grand paying this over two years. Wondering whether to go for this.

New loan amount: £7,100.00
Term: 24 months
Monthly repayment: £334.87
APR: 12.9%
Loan interest amount: £936.88
Total amount payable: £8,036.88

In first post you said you pay only £160/month.. how suddenly you will be able to pay £335/month. Why aren't you paying that amount to your credit card?

marywooyeah

you need a 0% balance transfer rather than another loan as your payments will just get eaten up by interest.

Avoid the aqua card - the rate is horrendous!

On the moneysaving email this week there is a link to cards with up to 32 months balance transfer but remember if you apply for too many cards in a short space of time your credit rating will be negatively affected.

Apply for one of the MBNA ones - they have good limits of a couple of grand. Then when you've made one or two payments to that card, apply for another 0% card and transfer more of your loan balance on that card and so on until your loan is all on 0% cards.