What order to pay cc's

romeo21

Hi, my main focus is to pay of my credit cards, at the moment im paying only the min payment and i want to start cleaning it off one by one, in what order do you think i should focus on. I cannot get any further 0% cards. thanks

1) Balance £9,614 @ 15.9%APR limit = £11,000
2) Balance £8500 @ 22%APR limit = £10,000
3) Balance £6996 0% until feb 2020 then 19.20% limit = £7800

[Deleted User]

Highest rate first, with minimums plus £1 on the others.

JGB1955

What they said ^ ^ ^ ^ ^

romeo21

Thanks but I would of thought it’s best to pay of the card with 0% until feb 2020?

[Deleted User]

That's the worst idea.

That debt isn't costing you anything, so if you pay that, you allow your other debt to increase. Even when it goes to the standard rate it's not your most expensive debt.

Pay off the highest rate debt.

Willing2Learn

romeo21 wrote: »

Thanks but I would of thought it’s best to pay of the card with 0% until feb 2020?

No. You save the most money in interest payments by focussing on the card with the 22% APR first.

romeo21

Thank you all. I’ll start on the card with the highest interest