Which way to go?

rik13

Hi all, i read the new posters thread but am still not sure where to go from here.Basically i have an egg loan= £8178 (9.9 APR, I THINK)
MBNA CC=£1760 (12.9 APR, I THINK)
MORGAN STANLEY cc=£3501 (INT FREE TILL JAN 2008)
BARCLAYCARD cc =£1317 (INT FREE TILL JAN 2008)

I was wondering whether to put all my debts together and get the lowest % loan i can if possible. I have been switching cards every so often but have not paid off as much as i should have done to reduce my debts. I am now struggling to pay anything but the minimum repayments on the cc's.

y

johngc

If you want help / advice you need to give a bit more info.

What are your payments on each loan and how long have you got left?

What are your income and outgoings etc? - What can you actually afford to pay each month?

Don't forget that if you get a new consolidation loan, you may find it's a lower monthly payment but is over a longer period of time and so you are paying back more in the long run. Also consider if you want to be able to make over payments or lump sum payments. Some low apr loans won't let you, or charge a fee for trying to pay off the loan early.