Curry’s Creation Plan

saya80

Hi, I’m looking for advice regarding if its worth me doing a balance transfer from my credit card to my current account to then pay off my Currys Plan? I am really not clued up on if that would end up costing more or make my life easier with lower monthly repayments. I pay £73 to creation and what I can off the credit card, I feel I could make higher repayments on the credit card if I wasn’t paying the Currys monthly payment. Hope this makes some sense..

MattMattMattUK

saya80 said:

Hi, I’m looking for advice regarding if its worth me doing a balance transfer from my credit card to my current account to then pay off my Currys Plan?

Do you mean a money transfer rather than a balance transfer? You will be charged a fee, though provided you cleared the debt on your credit card within the interest free period it would not attract any interest.

saya80 said:

I am really not clued up on if that would end up costing more or make my life easier with lower monthly repayments. I pay £73 to creation and what I can off the credit card, I feel I could make higher repayments on the credit card if I wasn’t paying the Currys monthly payment. Hope this makes some sense..

This sounds like you have multiple debts, debts on credit card and with Currys, what is the interest rates and debts on both?

It may be worth you posting an SOA on the debt free wanabee section of this site and letting people help.

https://www.lemonfool.co.uk/financecalculators/soa.php

https://forums.moneysavingexpert.com/categories/debt-free-wannabe

guesswho2000

If it's operated by Creation, you can probably pay it off with a credit card, with it being treated as a purchase.