Balance Transfers

marie.price

I have 2 credit cards and want to reduce my interest. I could apply for a balance transfer card however the credit limits usually start at £1,200 and I want to transfer around £5,000. Would it be better to go for a cheap loan?

MallyGirl

Your credit limit depends on your own circumstances. Lots of cards use £1200 as an example - it doesn't mean that is what you will get

Welsh42

Please help , I have a mortgage of 105k equity of 70k but over last few years been consolidating debts to the mortgage as was only 60k is thus a bad thing

Another issue I need to do this again as run up debts of 25k on 3 cards
With the new mortgage laws would I be able to do it

Or should I do an iva or sell my house

Also got 0verdraft of 2k so having yo live off overdraft

I think once all sorted and repayments reduced it will be easier as paying out 400 in card payments it would not be that much to add to the mortgage

Me and hubby work we earn 16k each
Son gets dla of 300 a month
And tax credits 150

Fruit_and_Nut_Case

Welsh42 wrote: »

Please help...

Welcome to MSE :wave:
Better to start your own thread rather than hi-jacking this one.

Welsh42

How do instant my own thread , what did u mean am I for real

Tixy

To start a new thread click on the icon in the relevant section of the forum - the icon is at the top and bottom of each main forum page (from your post perhaps the Debt-Free Wannabe section of the forum might be best).

The 'Are you for real' comment is on that poster's signature, it appears at the bottom of all their posts and is not part of their reply to you.