Advise on best solution

in Credit cards
1 reply 201 views
RahRah88RahRah88 Forumite
1 Post
Good evening,

I wanted advice on the best way to go forward with credit card debt.

I have around £24,000 in debt on 5 different credit cards in total. I am currently meeting all minimum payments and trying where possible to pay off more, they are all on balance transfer offers. However, one balance transfer offer is ending on the 25th of this month and 33% APR will start to be added on. I have tried to look for another offer to transfer the balance but given the current financial climate, there are no offers available. Please could I have some advice on what to do moving forward? I am unsure whether i should consider consolidating my debt through an IVA agreement. I am not a homeowner and work full time at present.

Many thanks in advance 


  • edited 15 March at 9:48AM
    grumblergrumbler Forumite
    56.9K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 15 March at 9:48AM
    Ask here on  Debt-free wannabe    board

    We are born naked, wet and hungry...Then things get worse. :(

    .withdrawal, NOT withdrawel ..bear with me, NOT bare with me
    .definitely, NOT definately ......separate, NOT seperate
    should have, NOT should of
    .....guaranteed, NOT guarenteed
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