credit cards or personal loan

m1863

hi there,

Im after a bit of advice - i currently have £1800 worth of credit card debt and £6500 personal loan both being paid off with no problems. The credit card is a Santander 0% interest balance transfer card and the loan is a nationwide 3% interest loan.
Would i be better off doing a balance transfer and moving all personal loan debt to credit cards with no interest and managing repayments myself, or staying put with the loan? also, would either option improve or negatively impact credit rating?
I am usually good with money and can manage my finances well so im not worried about falling in to a credit card interest trap.

thanks in advance!

[Deleted User]

Either option will appear as debts, so will make little difference as to how lenders see you.

If you can get your debt at 0%, that's better than paying interest.

Willing2Learn

You would need a Money Transfer card with a 0% APR promotion to move the debt from your personal loan to the card. (You will not be paying off a debt. You will be shifting a debt.) There is a transaction fee for using the MT card.

m1863

ok thanks for that, ill take a look at the money transfer cards