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Clearing some debts

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  • Andyjflet
    Andyjflet Posts: 711 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    edited 1 November 2019 at 12:39PM
    In this situation specifically I would clear the highest interest first so Paypal and then as much as you can on the Lloyds
    I can see your thinking to close two accounts off but as you have a lump sum I would throw it at the biggest interest first.
    Baby Step 6/7 . £16000 saved and invested. £47,000 deposit paid on new home DEBT FREE !!!
    Currently Negotiating with HMRC !
  • thanks for all your input i have paid off the Paypal account and paid off nearly £6k off the Lloyds credit card. so here's to getting straight finally.
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