Cap your credit card costs NOW
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.