Tarting....

moneysavexpert1986

...I've got a credit card with Halifax which is 0% interest until Feb 2009 with a balance of £1050 (car insurance), a Virgin credit card that I've never used with £2300 limit and 0% on balance transfers until Feb 2009, an overdraft of £1400 with Lloyds TSB and an account with NatWest which I use as my main account so I like to keep it roughly in credit (on pay day at least). I'm thinking of transfering the debt to Lloyds TSB to the Virgin card. To be completely honest, I don't look at the statements for TSB (I ran it up as a student and having paid off the NatWest one in the year since I graduated, I've sort of ignored it) so I don't really know how much I'm getting charged but I have a feeling that they might suddently ask for me to pay some off (they did this with my friend) because I've never put money into it. It would cost about £40 to switch it to the credit card, which I wouldn't mind paying, but i was just thinking, do you think it would be difficult to find a decent deal in February to switch these balances to with the credit crunch and all? I'm moving out of my parents so I'm just thinking about keeping the debt as low as possible while I sort myself out before I can start paying it off.

GeorgeUK

It depends how much you can put towards the debt - remember there will be a minimum you need to pay each month.

Also, most 0% promotions have a deadline period so that you must do the transfer within X days of opening the account.