📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Balance transfer card?

Hi guys

Really looking for some help!!!
I have a credit card (£1500 on it)
Partner has a card (£1500 on it)
An overdraft (£600)
And a loan (£2300)

We pay the payments each month from our joint account but the interest is killing us... If it wasn't for interest they would all be clear!!!
Could I get a balance transfer card and clear all debt and just pay off one bigger debt so to speak?!?

Any advice welcome please!!!

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,382
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Forumite
    You'd need a money transfer option for all but the cards.
  • So a money transfer card for the loan and overdraft and a balance card for the credit cards?
  • molerat
    molerat Posts: 36,628
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Forumite
    Or money transfer for both - what you do with the money is up to you so you can pay off the cards, do whatever is cheapest / most convenient.

    Never associate with idiots on their own level, because, being an intelligent man, you'll try to deal with them on their level - and on their level they'll beat you every time.

    Being hated by idiots is the price you pay for not being one of them.

    Jean Cocteau 1889-1963

This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 355.8K Banking & Borrowing
  • 254.9K Reduce Debt & Boost Income
  • 456.2K Spending & Discounts
  • 248.4K Work, Benefits & Business
  • 606K Mortgages, Homes & Bills
  • 179K Life & Family
  • 263.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.