Guys, I have been an idiot. I've missed a payment on our 0% interest credit card and now face the standard 17% apr on our balance -- which is £3,700.
Can anyone advise on whether it makes sense to transfer the balance now to a new, 0% balance transfer card for +/- 20 months and pay the 1.45% balance transfer fee? The original credit card was initially intended just to see us through these very expensive couple of years while our daughters still have very high childcare costs and, generally, I am good with money and not debt happy at all.
Is this a good idea? Is it likely to work? Is it worth the hit on my credit report? Does anyone have better ideas? I otherwise have no negative marks against my credit report. Please help!