We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Using Student Loan to pay off credit card
Options
moneymagic223
Posts: 5 Forumite
Hi guys. My first post so please be gentle.
I have £10,000 in credit card dept, 1 has £8,000 (with the 0% offer coming to an end soon) and 1 has £2,000. I am just getting to the end of university and haven't needed a student loan because my work funded me. I randomly looked into a student loan and I am eligible for £10,000.
Should I get the student loan to pay off my credit card dept and get rid of all credit cards?
Thank you in advance.
I have £10,000 in credit card dept, 1 has £8,000 (with the 0% offer coming to an end soon) and 1 has £2,000. I am just getting to the end of university and haven't needed a student loan because my work funded me. I randomly looked into a student loan and I am eligible for £10,000.
Should I get the student loan to pay off my credit card dept and get rid of all credit cards?
Thank you in advance.
0
Comments
-
How does a student loan work? I mean you!!!8217;d only be transferring the debt, not getting rid. Do you pay interest on a student loan? If you do, then that would most likely wipe out the stooze pot. Maybe you should post this in the credit card forum? Or even the loans forum, you would probably recieve far better advice/answers to your question0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards