Credit card or loan

Moneyeggs

I owe £24000 on credit cards. Most of them are reaching the end of the introductory offer at 0%. My credit score is OK according to my bank app and just 4 points off good. Although I earn a decent wage, I have ADHD and seem to have a problem shuffling my credit cards. Would getting a loan at 6.1% be better and pay it off over 4 years or should I continue doing the credit card shuffle - the rates are 0% with  3% fees over 12 months now. TIA

Brie

First off your credit score is only seen by you, the banks never see it.  What they look at is your credit record.

Secondly getting a loan to pay off credit cards is never a good idea - especially if you admit you have a problem handling the CCs.  All that will happen is that you end up with twice as much debt.  This is assuming the banks would even give you a loan as it doubles the debt.  I know and you know that you would use the loan to pay off the CCs but the banks don't know that.  For all they know you're going to blow it on the dogs or a Caribbean holiday.

So what you need is help with budgeting.  

I would suggest you pick one card that you will use exclusively for paying your day to day expenses, groceries, petrol, etc.  And pay that off in full each month. 

Then if you have another 0% deal on another card use that to pay off whatever current deal is going to end first.  Then think if you want to keep that card or not.  But put it to one side - some people used to suggest putting it in a pot of water and putting it in the freezer - makes it harder to use it without a bit of forethought.  

Continue to do this paying down each card in turn and try to reduce the overall debt.

If you want some help budgeting I suggest going over to the debt free board and look for the statement of accounts (SOA).  Fill that out and post it back on the board.  The helpful crowd (most of whom, like me have been in a much worse spot than where you are now) will offer advice on how to trim your budget so it fits what you earn rather than having to depend on 0% offers from now until forever.  

fatbelly

Is your debt coming down?

If it is, how fast? What did you owe this time last year?

Your aim should be to get debt free, and so I agree with Brie about posting on debt free wannabe

MEM62

For as long as to can get some of the debt on interest free terms you should do so.  What is your plan for clearing the debt?