trying to pay off loan. Help me rejuggle my finances please.

Andybez38

Im trying to pay off an existing barclayloan which i belive i took at around 13% (i think) £14500 loan @ £332 x 60 repayments. I have 20 payments left. Balance is £6129 according to credit records.

I have the following credit cards

Egg money card balance £140.92 credit limt £2400 16.9%
Barclaycard balance £429.39 credit limit £6500 9.9% ( can do tranfer at 6.9 no fee)
M+S Balance £1524.96 credit limit £1800 0% apr with only 1 month left
A+l Balance £1118.96 credit limit £1500 0% 11 months left @ 0%

Idealy i want to re juggle my finances on to credit cards with a lower Apr than 13%ish that my existing barclayloan is charging.

Any advice from you financial savvys will be very much appreciated.







I idealy want to try and rejuggle finances onto credit cards

RAS

Hi

What rate does the M&s card revert to when the 0% period ends? What happens re the money that you have on the A+I card that is in excess of the creidt limit? What APR are you paying on that?

you probably need to move the Egg and M&S debts to the barclay card, then cut them both up, but with out the extra info it is difficult to be sure.

Secondly, to really help you more effectively, you could post and SOA, see here

http://forums.moneysavingexpert.com/showthread.html?t=107280

That will help people spot areas where you can reduce your spends to pay off your debts more quickly.

hypno06

If the A&L card is over the credit limit, this must become your priority, I feel. Get this back within limits - ebay ebay ebay!!!

Andybez38

hypno06 wrote: »

If the A&L card is over the credit limit, this must become your priority, I feel. Get this back within limits - ebay ebay ebay!!!

Sorry i never entered the correct figure on the A+L balance. Now corrected.

When the 0% ends on th M+S card i belive the intres goes to 17.9%.

( I recieved some barclaycard cheques offering 0% till 2008 with 3% fee)