Best way to clear off debt quickly

Dinah93

Hi guys, wondering if someone a little better at rates and maths could help me!

I'm considering using my 0% virgin card to pay off some of my debt, but with the BT fees I'm not sure if it's worth it. Basically I have a Virgin card at 0% until the end of March 2009, with 3.1k unused credit on it. There is a handling fee of 2.98% (min £3, max: unlimited). At present I have a student overdraft of £1.5k, of which £1k is interest free, and the remaining £500 is at 17.9% (only use this bit for about the last 10 days before payday). However at the end of June this will switch to £500 interest free, and £1k at 17.9%, and I will be in this for the entire month as rent and bills all come out on payday, which total over £500. I also have a payment to SCS due on the 25th June for £840, for which I have around £300 saved up, so given I'm likely to still be £250 short when its due, it may well have to go on my HSBC credit card at 18.9% (was expecting this not to be an issue, but my partner was let go 2 months ago from his job, so my outgoings have gone up by almost £500 a month, so debt is going down much slower).

Anyway, if you're still with me (deserve a pat on the back if you are! :T) what I'm considering is using the virgin cheques (same rate as BTs from cards) to pay off the whole overdraft and SCS payment, which I *think* will save me money in the long run, and hopefully I will be able to save up by March to pay the card off if my OH can find a job soon. Alternatively I'm not sure if I will be able to get another 0% card at this time and bounce the balance and continue to save in a high interest account (which is what I plan to do if i do transfer the OD and SCS payment onto the virgin card). I will still have around £800 left on the virgin card at this point, is it wise to withdraw this too and stick this in the high interest saver, or will the fee mean I won't make a profit over the 9 months even in a 6.5% account?

Thanks for reading, D x