Balance Transfers

A question about : Balance Transfers

I have 2 credit cards and want to reduce my interest. I could apply for a balance transfer card however the credit limits usually start at Ј1,200 and I want to transfer around Ј5,000. Would it be better to go for a cheap loan?

Best answers:

• Your credit limit depends on your own circumstances. Lots of cards use Ј1200 as an example - it doesn't mean that is what you will get
• Please help , I have a mortgage of 105k equity of 70k but over last few years been consolidating debts to the mortgage as was only 60k is thus a bad thing
  Another issue I need to do this again as run up debts of 25k on 3 cards
  With the new mortgage laws would I be able to do it
  Or should I do an iva or sell my house
  Also got 0verdraft of 2k so having yo live off overdraft
  I think once all sorted and repayments reduced it will be easier as paying out 400 in card payments it would not be that much to add to the mortgage
  Me and hubby work we earn 16k each
  Son gets dla of 300 a month
  And tax credits 150
• How do instant my own thread , what did u mean am I for real
• To start a new thread click on the icon in the relevant section of the forum - the icon is at the top and bottom of each main forum page (from your post perhaps the Debt-Free Wannabe section of the forum might be best).
  The 'Are you for real' comment is on that poster's signature, it appears at the bottom of all their posts and is not part of their reply to you.