Advicec please

Rrushi_Shqiptar

My partner's father has recently died of cancer (end of March) he was living abroad and she had to visit him on a regular basis and then for the last month to help care for him.

She used her Barclays Platinum card for flights and some legal fees etc. She has now an outstanding balance of £2,600.

I have some money coming too me after an accident (insurance has just confirmed this in writing) I am wondering is it better too pay it all off in one go or pay a regular amount off each month, I am currently paying £3-400 per month at the moment towards the bill with no issues.

Is it worth taking 5 months to pay it off in full with a little interest and keep the money in my savings or pay it off and put the money i would pay into a savings account?

Just a little confused or not sure

Thanks in advance

yasmup

Rrushi_Shqiptar wrote: »

My partner's father has recently died of cancer (end of March) he was living abroad and she had to visit him on a regular basis and then for the last month to help care for him.

She used her Barclays Platinum card for flights and some legal fees etc. She has now an outstanding balance of £2,600.

I have some money coming too me after an accident (insurance has just confirmed this in writing) I am wondering is it better too pay it all off in one go or pay a regular amount off each month, I am currently paying £3-400 per month at the moment towards the bill with no issues.

Is it worth taking 5 months to pay it off in full with a little interest and keep the money in my savings or pay it off and put the money i would pay into a savings account?

Just a little confused or not sure

Thanks in advance

I don't think I can help you sorry, but looking at your previous posts/threads, I would never have believed anyone could ever suffer such continuous bad luck in such a short time.

This forum is an educaction to us all.

Hope someone with the relevant knowledge is soon able to take their time & trouble to go into detail for you over this latest disaster.

Good luck!

Rrushi_Shqiptar

yasmup wrote: »

I don't think I can help you sorry, but looking at your previous posts/threads, I would never have believed anyone could ever suffer such continuous bad luck in such a short time.

This forum is an educaction to us all.

Hope someone with the relevant knowledge is soon able to take their time & trouble to go into detail for you over this latest disaster.

Good luck!

Yasump, Thanks

Your right I have had a hell of a lot bad luck and grief over the last 15yrs or so. I am hoping that I am on the turn, I have a savings account with money in it, an ISA, an Aqua card with £750 limit and most of all THE MOST WONDERFUL NEW PARTNER

eskbanker

Compare the interest rates and that should answer the question - in all likelihood you'd be paying significantly more interest on the CC balance than you'd be earning in savings so when you have the funds it's almost definitely better to settle the CC bill as soon as possible rather than putting the money aside and drip-feeding.

Rrushi_Shqiptar

eskbanker wrote: »

Compare the interest rates and that should answer the question - in all likelihood you'd be paying significantly more interest on the CC balance than you'd be earning in savings so when you have the funds it's almost definitely better to settle the CC bill as soon as possible rather than putting the money aside and drip-feeding.

Thanks for that, I thought that might be the case. Not having money for ages meant I want to hang on too it hahahaha.

Saying that I can now save the money that I would use to pay the card off with slowly :beer: