If not minimun repayment then what....

freeman32

I have borrowed 4k on a Virgin credit card with a 9 month no interest on balance transfers offer. I had the money paid into my Smile Current Account to clear an overdraft and give me some surplus cash which I have transferred to a Smile ISA. On my Virgin monthly statement they have charged a £75 balance transfer fee and no interest. I also have acquired a Royal Bank of Scotland Platinum Credit Card with a 12 month interest free deal on balance transfers. While sorting these out I have spent £108 on purchases my Smile Gold Visa card. What should I do next? In terms of moving money between the cards? What set of repayments should I set up and how for each? Advice very much appreciated. Thanks. Freeman32

Bokkens

Try and work out when you would ideally like to pay the debt off(as soon as possible)ie. over what period and how much you can afford to repay to each card.
If the repayment period runs beyond the 0% offer period then you should be looking at Balance transfering the debt again onto another 0% card to avoid the interest charges.
If any of the cards are charging interest at the moment then you should concentrate on paying that card off first.
Try and work on reducing your debt or getting rid of it completely before trying to save funds in an ISA,once the debt has gone you will have plenty to put into savings.
good luck.