i need £30,000
Out of context: Reply #22
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- UndoUndo0
let me introduce you to rate whoreing...go to www.moneysavingexpert.com and look up the longest 0% on balance transfers on a credit card, check out the maximum amount (should be more than the total you have on the cards)...assuming you have a decent credit rating, apply for that card and transfer your balances to it.
cut up the other cards and tell them to close the accounts. set a reminder in outlook, on yr phone, or the fridge etc... for the date when the 0% ends. a few weeks in advance to that do the same again and looks for the best 0% on balance transfers for as long as possible and get the card, transfer the balance. Try to pay the most you can afford without stretching yrself - give yrself a buffer incase the car breaks etc
now this wont reduce the amount you owe but it will stop you paying interest on it. its completely legal and doesnt harm yr C rating.
check it out on the website link i gave