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transfer balances,loans and stuff help?
bwatt00
Posts: 911 Forumite
in Credit cards
Ok i have a few cards and a loan with money to pay,would rather not say the amounts but was wondering if i could be given advise on what i am best doing here.
I have a virgin card credit limt high and money to pay also way up there,its on 0% until i think jan/feb next year cant remember now.
I have an egg also with high limit but not that much on the card,could easy be paid off if wanted.
and i have a cahoot loan i had for many years which has a good amount still to pay.
The cahoot loan im charged 14.8% each month and the egg 17.9% each month,but as we know virgin still 0% for a few months yet and not really that much of a limit left on it to transfer too.
I have a skycard card which is offer me a 0% until july 08 but offer ends 31oct and has a good limit on it.
i also have barclaycard visa and mastercard again with a good limits on them and emailed them to see what could be offered and i go the following.
0% till march 08 offer ends 31st oct
0% till april 08 offer ends 29th nov
and i cant remember other was 6.1 or 8% per annum.
Now whats the best thing to go for here my virgin one has the most money on it,but still has a few months yet,my egg is not much really and my choot loan has a fair amount also,want to reduce the interest i pay each month and pick the best options above.
Yes i know there will probably be fees for transfering balances etc but works out less than interest charged each month when you think about it,also i am making it my goal i hope to have everything paid off this next year,or reduce them a great deal.
What is recommended here?
I have a virgin card credit limt high and money to pay also way up there,its on 0% until i think jan/feb next year cant remember now.
I have an egg also with high limit but not that much on the card,could easy be paid off if wanted.
and i have a cahoot loan i had for many years which has a good amount still to pay.
The cahoot loan im charged 14.8% each month and the egg 17.9% each month,but as we know virgin still 0% for a few months yet and not really that much of a limit left on it to transfer too.
I have a skycard card which is offer me a 0% until july 08 but offer ends 31oct and has a good limit on it.
i also have barclaycard visa and mastercard again with a good limits on them and emailed them to see what could be offered and i go the following.
0% till march 08 offer ends 31st oct
0% till april 08 offer ends 29th nov
and i cant remember other was 6.1 or 8% per annum.
Now whats the best thing to go for here my virgin one has the most money on it,but still has a few months yet,my egg is not much really and my choot loan has a fair amount also,want to reduce the interest i pay each month and pick the best options above.
Yes i know there will probably be fees for transfering balances etc but works out less than interest charged each month when you think about it,also i am making it my goal i hope to have everything paid off this next year,or reduce them a great deal.
What is recommended here?
Treat everyday as your last one on earth! and one day you will be right.
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