Which debt more beneficial to pay off first to improve credit score quicker?

workinghard1

Craig1981 wrote: »

APR on littlewoods is 44.9% (scary it doesnt mention this in their T&Cs, only when viewing products ?!?!?)

The thing is, if I pay the full balance on Littlewoods account, or choose to pay it month by month, I will still be paying the same overall. It is a Littlewoods shopping account, not a Littlewoods credit card if you know what I mean. I know the items I purchased from Littlewoods were more expensive than I could have paid elsewhere in the first place, however now that I have bought them I will be paying only the outstanding balance whether I choose to pay it off in full now or continue to pay it each month until clear. The total will be the same.

[Deleted User]

Do you mean that your Littlewoods debt is at 0%?

Is your Barclaycard therefore your highest rate debt? If so, focus on that.

Craig1981

workinghard1 wrote: »

Craig1981 wrote: »

APR on littlewoods is 44.9% (scary it doesnt mention this in their T&Cs, only when viewing products ?!?!?)

The thing is, if I pay the full balance on Littlewoods account, or choose to pay it month by month, I will still be paying the same overall. It is a Littlewoods shopping account, not a Littlewoods credit card if you know what I mean. I know the items I purchased from Littlewoods were more expensive than I could have paid elsewhere in the first place, however now that I have bought them I will be paying only the outstanding balance whether I choose to pay it off in full now or continue to pay it each month until clear. The total will be the same.

sounds to me like you have 0% interest for a certain period still on your Littlewoods account...

so, to save money in the long run, if this is indeed the case, pay the £3k onto barclaycard and continue what you are doing now

i would cancel littlewoods ASAP as well - you can get the same products from the same company at 30% cheaper using Very - same BNPL offers etc. Very is competitive with prices to high street retailers as well... food for thought...