Credit cards

leepaul1

Hi looking for the best solution of paying off credit cards that I have.I have a capital one card with a balance of £999.41 with an Apr 34.9,capital one card with a balance of £758.58 with an Apr 29.9.Barclay card with a balance of £5547.75 with an Apr 18.9 not sure what to pay to what to clear off the balances so any info would be a great help.

[Deleted User]

A BT card is the obvious solution. But with a lot of revolving debt, you may struggle to be accepted.

What are your limits and what's your income? How is your credit history?

In the meantime, you need to be throwing everything you have a the highest rate card.

leepaul1

I could probably pay over and above the minimum payment and my income is pretty solid but not sure what my credit score is like.

[Deleted User]

Not your credit score. That's irrelevant. Your credit history. Missed payments, defaults, CCJs, etc.

If you're only making minimum payments, it would suggest your income and risk profile are going to be against you when it comes to getting further credit.

Look at how you can cut your costs so you can throw more at the debt - highest rate first.

leepaul1

So basically pay as much as I can to the highest Apr card till its paid off and pay the minimum to the others then start on the next highest card etc etc.

[Deleted User]

You got it. Though for added safety, pay £1 above the minimum on the others as well - it avoids the minimum payment marker on your credit files.