What cards to pay off first?

lucy1967_2

Ive just sold my car as its not needed anymore so i have £3500 to pay off my debts. Question is what should i pay off first?

19.9% Paypal credit £5507

26.93% barclaycard £1333

20.9% Sainsburys card £2050

Do i clear the two credit cards and then use what I would usually payoff them on top of what i pay off paypal to bring that down faster? Hoping to get debt free within a year.

Thanks

[Deleted User]

The highest rate debt at any given moment. 

jay1804

 You have couple options:
1. Pay off the the highest rate (Barclaycard, Sainsbury's, and PayPal)
2. Pay off the Barclaycard wait and see if you get a BT offer. If they did and the credit limit allowed it, transfer the Sainsbury's balance to the Barclaycard and put the rest of the money on the PayPal.

lucy1967_2

jay1804 said:

 You have couple options:
1. Pay off the the highest rate (Barclaycard, Sainsbury's, and PayPal)
2. Pay off the Barclaycard wait and see if you get a BT offer. If they did and the credit limit allowed it, transfer the Sainsbury's balance to the Barclaycard and put the rest of the money on the PayPal.

The second option is something i never considered. That could be a good route to take.