credit card and loan

lmcamoes

Hi

I have a HSBC credit card with 4500 GBP at 18.9% APR and a HSBC loan of 10000 GBP at 3.9%.

I pay around 200 GBP to the Loan and 100GBP to the credit card.

How can I consolidate this two?

dealer_wins

Why do you want to consolidate? Just overpay the credit card as much as possible every month until it is cleared. The loan is at a very good rate, and consolidation would likely by at a much higher rate than 3.9%.

If you are struggling to make repayments, then post on the "debt free wannabe" board for ideas to cut down your outgoings.

Tixy

What is the reason for wanting to consolidate?

Is £300 the maxmimum you can afford to the debt a month?

The loan is a decent rate.
If you cannot increase the repayments on the card then I'd be looking to see if you can move the card to a cheaper rate - perhaps a balance transfer offer to another card? - although if you do consider a balance transfer move check the T&Cs on any new credit card - some will have a higher % minimum payment than £100 a month on that balance.

If you cannot move to a cheaper card or refinance the card debt elsewhere then work on ways to increase your repayments, either reducing other outgoings or increasing your income.
At £100 a month the existing credit card will take over 6years to clear.