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Advice on clearing multiple Credit cards

Alfredos_Pizza_Cafe
Alfredos_Pizza_Cafe Posts: 17 Forumite
First Anniversary
edited 21 April 2019 at 2:45AM in Debt-free wannabe
edited thanks

Comments

  • Toonsy
    Toonsy Posts: 81 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    Use your disposable income to up the payments on the one with highest interest. So marbles in your case. If you went full st it you'd have it clear in two payments. Then go for the capital one card. It's called snowballing and there's a calculator online which is pretty useful. I'll grab the link in a bit...

    Ultimately you have to choose between having disposable income now or paying down debt so then ultimately instead of £500 disposable each month you'll have near on £1000 disposable each month.
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