what's my best option?

kyofusho

Hello MSE's

I've recently moved house and share a mortgage with my brother. Naturally, things have started on the expensive side with new purchases and minor renovations to the house, and I am finding it difficult to keep my head above water on my current account by the end of each month. My overdraft fee is small but I'd rather not dip into it. I'm already resigned to faling into it by £100 this month before I get paid.

I'm quite frugal when it comes to spending, but I have two credit cards (neither are maxed) which are hard to pay off. I have £1.6k on one (with limit of £2.8k), and £0.9k on the other (with £2.8k limit). The min payments total about £60 and recently I've been paying £100 on each but with other expenses I can't keep that up.

I'm wondering what my best solution is for these as my priority is to get them both paid off as soon as I can. I thought a balance transfer would be the way to go but I don't know of any better options out there?

My credit score is decent.

Feel free to ask for any more info, btw!

adindas

Yes 0% interest on BT is the best way, given that you apply and then could get it.

here is the list of BT card

http://www.moneysavingexpert.com/credit-cards/balance-transfer-credit-cards

kyofusho wrote: »

Hello MSE's

I've recently moved house and share a mortgage with my brother. Naturally, things have started on the expensive side with new purchases and minor renovations to the house, and I am finding it difficult to keep my head above water on my current account by the end of each month. My overdraft fee is small but I'd rather not dip into it. I'm already resigned to faling into it by £100 this month before I get paid.

I'm quite frugal when it comes to spending, but I have two credit cards (neither are maxed) which are hard to pay off. I have £1.6k on one (with limit of £2.8k), and £0.9k on the other (with £2.8k limit). The min payments total about £60 and recently I've been paying £100 on each but with other expenses I can't keep that up.

I'm wondering what my best solution is for these as my priority is to get them both paid off as soon as I can. I thought a balance transfer would be the way to go but I don't know of any better options out there?

My credit score is decent.

Feel free to ask for any more info, btw!

Dobbibill

As said a BT will help you if you are just looking to pay off the CC debt.

What I would add is make sure you address why you have balances on CCs too.
Was it spending limited to the cost of moving/new mortgage?
Was it something else?
What would happen if an emergency crops up?
How will you deal with it?

The point I'm making is that moving debt is not paying it off and you do not want to find yourself in the same/worse position this time next year.

All the best