Credit cards - Debt free wannabe!

northernireland10

Hi everyone.
I have £11k on one CC (I pay monthly DD £270ish) and another £4.5k on another CC (wife pays it monthly £110ish).
I really want to get stuck in bringing balance down on these.


I don't think I'd get a loan to pay both off, so what else can I do to avoid interest charges on such a big CC bill.


Any options greatly appreciated.
NI10

12_month_challenge

Hi northernireland10

• Are your current cards offering any balance transfer deals?
• Have you looked at the eligibility calculator to see your chances of getting a 0% balance transfer card?

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

good luck

12MC

sourcrates

Hi,

Depends on your personal circumstances, are you in financial difficulty ?

If so, you can write and ask the lender to lower, or stop interest so helping you clear the debt quicker.

Or you can cut you spending on other things, and throw more money at the credit card bill.

You have a number of options, as I said, it just depends on your circumstances.

enthusiasticsaver

Move them on to 0% deals if you can and then focus on cutting costs to increase the monthly payment to bring them down. Getting a loan to pay them off is not the way to go.