We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Pay Off Debt...
claytonp
Posts: 4 Newbie
in Credit cards
I currently have £6000 that does not need to be paid off urgently (but does need to be paid eventually though!!). My wife and I are moving overseas at the end of this month and will be looking for work.
I have a £6300 overdraft on my current account (but will still be charged interest). I also have two investments which could easily pay off the debt, however I do not wish to touch my investment.
I have applied for a Barclaycard Premium credit card in the hope I could dump this amount and not pay any interest for 12 months, however the credit limit that was being offered was only £1310.
So, should I leave the £6000 in my bank account and pay it off over time (with the fees) or is there another way ?
Clayton
I have a £6300 overdraft on my current account (but will still be charged interest). I also have two investments which could easily pay off the debt, however I do not wish to touch my investment.
I have applied for a Barclaycard Premium credit card in the hope I could dump this amount and not pay any interest for 12 months, however the credit limit that was being offered was only £1310.
So, should I leave the £6000 in my bank account and pay it off over time (with the fees) or is there another way ?
Clayton
0
Comments
-
Sorry, wrong forum. Have now moved to the correct one.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.2K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards