advice needed please

daylad

Hi, I have £16000 in credit card debt at present i have it spread it over 3 cc cards all at 0% i am paying £290 a month in total all minimum payments, when one 0% deal ends i change it to another cc but then of course i am paying a balance transfer fee, am i better off keeping as Im going or taking out a loan to pay it all off, I can afford a little more a month (£50) tia

-taff

If you take a loan you're looking at paying interest. If you aren't paying any interest now, keep it like that. Unless you're looking at getting a mortgage or something and your cc's will affect that, I wouldn't change anything just yet.

dazla

There's also a chance the 0% offers may cease. This is what happened to me after switching cards to 0% all the time, the 0% offers stopped and I was up the creek, so had to go on a dmp