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Is it worth me balance transferring?

campbell19925 · 2018-08-14 10:55:05

Hi everyone, I have a credit card limit of 4.5k and I owe about £1800. (Lloyds Credit card) I can afford to pay £900 off In September and October meaning the balance should be paid by October. is it worth me doing a 0% balance transfer? How much would I save by doing this + is it worth it? Any advice appreciated Thanks

Comments

Willing2Learn Posts: 6,294 Forumite

14 August 2018 at 1:33PM

campbell19925 wrote: »

I dont want to affect credit history when looking to soon get a mortgage

Since you are not looking for a mortgage for 12 months, it won't have a negative impact on your credit history. In fact, it may look as a positive, as further evidence of you successfully managing credit accounts!

I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

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