Using Student Loan to pay off credit card

Hi guys. My first post so please be gentle.


I have £10,000 in credit card dept, 1 has £8,000 (with the 0% offer coming to an end soon) and 1 has £2,000. I am just getting to the end of university and haven't needed a student loan because my work funded me. I randomly looked into a student loan and I am eligible for £10,000.

Should I get the student loan to pay off my credit card dept and get rid of all credit cards?


Thank you in advance.

Comments

  • bigsaver28
    bigsaver28 Posts: 26 Forumite
    How does a student loan work? I mean you!!!8217;d only be transferring the debt, not getting rid. Do you pay interest on a student loan? If you do, then that would most likely wipe out the stooze pot. Maybe you should post this in the credit card forum? Or even the loans forum, you would probably recieve far better advice/answers to your question
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