What to pay first with poor credit file

batchy2005

Hi Everyone hope you’re all well

I was after some advice on what to pay first. Unfortunately I don’t have a great credit score due to an old default from April 2016 so I am limited on certain things like 0 percent cards.

Myself and my partner also managed even with a default to be accepted on a mortgage which was 95 ltv from Halifax last November fixed until November 2021 so again although the house has risen in price I am worried about re-mortgage and wonder if it’s worth trying to get to 85 LTV

 I am fortunate especially in this climate to be able to work overtime and to try and pay my debts off

So my debt is listed below

Halifax CC balance £3800 0 percent until Sep 2021 then 18.9 Apr pay minimum £50 a month

PCP 10.9 percent balance £14500 if paid in full or minus £6878 balloon payment £276 a month until March 2024 (high I know, however was given an extra 2 year warranty if taken)

Halifax Mortgage balance 152500 3.17 APR then variable at 3.74 APR monthly £768 split between us mortgage over 22 years. House value around 175k

Thanks all any advice I would appreciate 

Naomim

I'm sorry I don't know anything about PCP and how it works so can't advise but it may help if you post a full SOA so we can see exactly what you're working with to clear debts.

Naomim