Debt

[ChristmasComing123]

Hi

I have some debt I would like to pay off.
300 on a credit card at 18%
2000 on a kitchen loan 0%
4000 at I think 8% loan.
Which debt should I pay off first? The credit card as highest Apr? Is it worthwhile balance transferring such a small amount? Thanks

Always pay your highest interest debt first.

So start with the credit card then the 8% loan.

Good luck

Thank you will do

I have just seperated due to verbal abuse and I am still in the house. My husband has chronic health conditions and needs assisted living which is bring sorted. I want yo be able to stay in the house until approx next spring when I will after some house repairs put the house. We have a lot of credit card debt which has been on 0% for a couple o years and have been paying more than zi should. They've all gon onto interest now and eith being on my own I can't pay them. I'm hoping to get someone to write and negotiate freezing interest and token monthly payments until such time as I sell the house and then pay them. I have no dependant children and hop to out the house on the market next spring. Any sdvice/comment please.

@Elizabethr54 I’ve heard good things about Step Change and Christians Against Poverty (don’t have to be religious) Citizens Advice Bureau may be able to help.

Thanks BigYellowHat. I've spoken to StepChange who were really helpful but it doesn't seem it's going to work out like I'd hoped. I wanted to freeze the cards and pay a token payment to be able yo stay in the house say 6 mths whilst I get my life back together then pay everything off once I sell. I knew I would get black Mark's but I thought Iveould be able to get these cleared once I pay off completely but apparently not. They stay for 6 years even if you clear the debt. also I need to have about £2k to tidy the house up to sell as that could make a difference of around £30k on the asking price

If you intend to take out a future mortgage you would be better off just making minimum payments on everything/transferring to a different card and accepting that you debt will go up while you sell the house but protect your credit history. Token payments/debt management plan will trash your chances of a mortgage.

Thanks for that. I had a long telephone conversation with a very helpful advisor at Stephanie the debt charity. She more or less said the same as you missymsyhemsmum so that's what I'm going to do. Carry on paying whilst using the one card I've deliberately kept low to use and pay off to get any repairs done on the house to make sure I get the best possible price for the house.