One day I will be debt free...

savingholmes

I would transfer as much of the high interest debt as you can. 

Sarahwithlove

I agree with those kind of interests and amounts you need as much as you can on low or 0% interest for as long as possible. Then focus on paying off the one with the highest interest and just over minimum on the other. 

enthusiasticsaver

creditcardchaos said:

So...still not eligible for any 0% offers but HSBC have offered a 1.9% deal which I think I’ll take up. These are the balances at the moment ..
MBNA - £0 / £1,900
Fluid - £300 / £1,100 (0%)
BOS - £850 / £4,200 (23.65%pa)
BC - £3,800 / £4,050 (17.65%pa)
HSBC - £6,975 / £8,000 (£4,850 @ 20.05% and £2,125 @ 1.9%pa)
= £11,925
interest still to be added so balance will go up slightly. 

I think I’ll probably move as much of the BOS one as I can to HSBC - transfer fee is 2.9%. Then once I have paid off the Fluid card I only have two cards and can concentrate on getting the balances down rather than making payments to all different cards. 

Does anyone have any different advice or something they’d recommend doing?

thanks 

I would definitely move the BOS to HSBC and any of the BC depending on what limit HSBC give you.  I would still focus on the first tranche of HSBC and the BC as they are charging the highest interest.  Once Fluid is gone then you will just have the two cards. You have to stop using the cards to live though. If you cannot afford to cover basics without using credit then exploring a DMP would be better.  

creditcardchaos

An update - 
a few of the cards are gone ...

BC - £3,650
HSBC - £7,125 (I balance transferred a little to this) 

heading the right direction! Still no 0% offers though. 

savingholmes

Congrats on the reductions.

Sarahwithlove

Better to be on lower interest though then what you were paying before. At least majority now is going on getting debts down rather than interest.