The Best Option

samejandwee

Bump - for any final thoughts before I make an application tonight!

TheAble

I'd just echo what some others have said which is that what you're about to do has proved a slippery slope for many. It's 13k now but don't let the newly freed-up credit lines turn it into double that a year from now. You do sound determined though so I hope it all works out well for you.

enthusiasticsaver

TheAble said:

I'd just echo what some others have said which is that what you're about to do has proved a slippery slope for many. It's 13k now but don't let the newly freed-up credit lines turn it into double that a year from now. You do sound determined though so I hope it all works out well for you.

OP is moving debt hopefully to 0% not consolidating debt so presumably not freeing up credit lines.  I would close down the old card if you get a high enough limit to move the whole credit card balance over. 

samejandwee

Yes I am moving to 0% but the real sticking question at the moment is which one do I apply for and put a 'Hard' search on my file for. I am confident I will be approved one or the other but I am not sure I will get both.

So do I do a Money transfer for the paypal credit or do i do a balance transfer for the credit card?

Or do I go for the money transfer in the hope that they can give me enough to cover all of the debt and then put it into one payment?

Final hurdle and then I will apply. 

Martico

Personal opinion (of course)
Given that you're unlikely to be given a limit high enough to pay off either one - but hopefully enough to make a dent - and that the CC interest rate is higher and a balance transfer will have a longer 0% period, I'd opt for the balance transfer to the CC.
And then focus on hammering the PayPal debt.

kimwp

I have heard of people applying for several cards on the same day because the credit records don't get updated immediately, but it's no guarantee. There's no way of telling which will give you the better deal - pick one and go with it - I'll put my vote in with es and vote for the balance transfer. Maybe you could apply for the money transfer in three months when the dust has settled on the this application.