Cap your credit card costs NOW

Sunday Mirror - - FRONT PAGE -

cards, check all their in­ter­est rates (APRs). Then aim to move the debt to where it’s cheap­est. If

your Ant card’s 18.9%, for ex­am­ple, but your Dec card’s 34.9% ask Ant card if you’ve any room on your credit limit and if so shift the debt from Dec so it’s cheaper.

If asked, some providers – in­clud­ing Bar­clay­card and MBNA – have spe­cial ex­ist­ing cus­tomer deals, so you shift debt to the card at less than the stan­dard rate. at clear­ing the one with the high­est APR first, as it’s costli­est and is grow­ing fastest. Re­pay the min­i­mum on the rest. Clear it, then fo­cus on the 2nd high­est, and so on. then you clear it in seven years cost­ing £1,500 in in­ter­est.

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