Pay credit card or payday loan to improve credit

DonFog

Hello,
New here and asking for a friend.
Current debt is £8,000
£2,000 on 4 separate credit cards
£6,000 on 6 separate payday loans. Reduced to £4,000 if paid immediately.
Monthly amount that they can afford to repay is £250
Credit score is very poor.

Plan is to consolidate credit into one loan from current account provider (Barclays).
£2,000 gift available to clear some debt immediately.
I am expecting Barclays to require a better credit score.

Therefore the question is. Should the £2,000 be used to pay off the credit cards or the payday loans and will that improve credit score quickly enough to make a consolidation loan more likely from Barclays?

Really appreciate any advice ahead of appointment with Barclays on Saturday!

[Deleted User]

Get rid of the payday loans. They look awful.

Ignore your credit scores. They're not real and not used.

Manage your credit well, stay away from PDLs, get your debts down. Lenders look for responsible account management.

kwame41

As above, pay off the payday loans asap then work on other debt.

Also, avoid consolidating debt. Work to pay off existing debts with funds available.

Gaz83

You've no chance of a consolidation loan from any mainstream lender.

System

As above. Payday loans = not being accepted by mainstream lenders. Your friend's credit file is screwed by them being on there no matter what they do. The only hope is that their own bank MAY give them a consolidation loan if they have a good long term history with them and go and plead although the interest rate is likely to be quite high but nothing as bad as the PD loans. The best thing they can do is pay them off as quickly as possible in order to lower the amount of interest they pay.

Pay the £2000 lump sum off the payday loans.

DonFog

Thanks for all the tips and advice.

Will give Barclays a go on Saturday and otherwise work out the best way to get rid of the payday loans as a priority.

Don