credit card minimum interest charge
MBNA drops credit card cheques
Store card debt…shall i put it on a credit card with 0% interest for 6 months..?
I have got a debt of £600 on a store card. Would it make more sense to transfer this to a credit card that has 0% on balance transfers and 0% interest for 6 months and pay it off via this instead of the store adding a ridiculous amount of interest on top of the debt. I am not a silly spender and i’m looking to pay this back and cut up my card and learn from this.
I am not financially able to pay off the whole sum but could definately pay off £100 a month. I was looking at the HSBC credit card.
Just want to know if there would be any catches or anything, as i was told that if i payed off the store cards minimum amount each month i would not be charged any interest, this hasn’t been the case, they just say anything to get you to have one.
If anyone has any other ideas of how i could repay this debt, that would be much appreciated.
thanks!
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