Best plan of action .. Morg renewal next year ?

mumofthetwins

So guys ..
A couple of month ago I was thinking of getting additional borrowing on my mortgage to pay off cc bills but after getting your advice and a good hard think I decided to just plug away at the debt without the further borrowing.
So I have managed to pay off 2 cards and only a few hundred on another, however I do still have a high balance on a bCard and a small balance on Tsb .. These are next on my hit list lol

Question is my mortgage is due for renewal in May next year, I've had a look at my credit score on noodle and it's pretty pants. I think this was because I had so many cards with balances but I have never missed any payments on any cards ... What do you think best course of action will be ?

Would I be better starting to make a dint on the largest balance or clearing another card by then (effectively leaving just one large balance ?)

I have about 75-80% equity in the house so a very small mortgage but as I have time I would like to improve my chances of getting the best possible rate.

Thanks guys for all your help
LISA x

EssexHebridean

Well done for starting to make an impact is the first thing!

To be honest with the amount of equity you have that's a good place to be. Have you checked your credit history on any of the other agencies? You can use the MSE Credit Club to get Experian I think it is free of charge too. Remember - ignore the number, it's the history that's important.

I'm assuming that you're currently paying interest on the remaining cards - might you be able to shift anything to 0% balance transfer cards? Do the eligibility calculators rather than just going straight into applications and whatever you do leave 4 months clear of actual applications before you'll want to start messing about with Mortgage stuff to let any searches clear off your history.

if you can shift stuff to 0% cards that means whatever you can pay will have more of an impact of course.