Debt Advice needed

adam89p

Hi all,


Was hoping for some advice as to whether or not I would be able to do the following:


First off, I have two main debts that I want to amalgamate into one. Credit card & overdraft.


I was planning on doing the following:


1) Balance transfer the existing CC debt onto a 0% balance transfer CC
2) Money transfer the existing OD debt onto a 0% money transfer CC


I was wondering if it would then be possible to transfer the balance on the 0% money transfer card onto the 0% balance transfer card so that it's all on one card and then I have the one monthly payment??


Any help and advice is appreciated.


Thanks all

Arleen

Sure, if you can get two cards with big enough limits that and you are okay with the fees you will have to pay for each transaction.

adam89p

So it's possible, in a round about way, to put this all on the one card and then cancel the money transfer credit card?

enjoyyourshoes

The key is to set up DD for the amount required to pay off the card before the end of the 0% term.

If not then you have not solved the problem, high interest rates will apply, and you will be in an even worse position than you rein now.

Just read some of the post !

So, can you afford this ? can you reduce your overspending? can you identify why you are overspending and nullify this?