loan to pay off credit card

clitb

Hi my friend has a credit card with egg she owe £1500 she pay the minimum each month £34 she can only afford that payment or a little more. She as tried to get another card from a couple of other companies to transfer the balance to but has been refused.She also has a loan with barclays she borrowed £12.500 over 7 years she now owes £6200 with 3 years left. My question is would she be better off to borrow the £1500 for her card in loan form adding it to the loan and paying this off over the remaining 3 years. This adds about £50 a month to the £193 she pays. Thanks for any advice given.

CLAPTON

what is the APR of the CC?

What is the APR of the loan?

does the loan allow overpayments?

how much can she afford to repay each month

I'm confused that she can only afford to pay 34 per month but is willing to consider a loan that requires 50 per month

clitb

i am making up the extra she needs to make it £50 the apr of the load is 13.9 the credit card is 16.9

CLAPTON

on a like for like basis i.e. 50 is paid off on either the CC or the loan the difference in interest over the period will be about £60 as useful sum but not massive.
So it comes down to £60 and any other factors like is the loan flexible (could she pay more a month if she wanted to... obviously the CC is ), maybe the APR on the CC will increase ..(is the loan fixed rate)