Q&A

Answer a question


22 July 2009

£4000 on credit card - want it dealt with asap

For various reasons I've run up a bill of £4000 on my HSBC Gold CC. I want it dealt with as quickly/efficiently as possible. I can't afford to pay it off in one go, but in monthly installments of approx £150; 0% balance transfer cards don't seem to suit as I'd have to swap after 12 months or so and pay another 3% fee for the privilege. I was thinking more along the lines of a fixed low interest card (fixed for duration of balance). Any advice or other tips? Is there a better way round this debt? It's perhaps a small amount compared to others I've seen, but £4000 at approx 19% interest is unsustainable as far as I'm concerned. Have stopped using the card except for emergencies and try to pay £200/month to help bring the balance down, but I'm not making very good progress. Thanks

  • REPORT This comment has been reported.

10 Answers

Answers

Be the first to answer

Do you want to answer this question? You need to be signed in for this feature

Answer a question

Be the first to ask a question

  • {{ question.title }}

    {{ question.authorName }} On

    {{ question.answerCount }} Answers

Copyright © lovemoney.com All rights reserved.

 

loveMONEY.com is a company registered in England & Wales (Company Number: 7406028) with its registered address at First Floor Ridgeland House, 15 Carfax, Horsham, West Sussex, RH12 1DY, United Kingdom.


Our company maintains relationships with various affiliates and lenders, which we may promote within our editorial content in emails and on featured partner pages through affiliate links. Please note, that we may receive commission payments from some of the product and service providers featured on our website. In line with Consumer Duty regulations, we assess our partners to ensure they offer fair value, are transparent, and cater to the needs of all customers, including vulnerable groups. We continuously review our practices to ensure compliance with these standards.


While we make every effort to ensure the accuracy and currency of our editorial content, users should independently verify information with their chosen product or service provider. This can be done by reviewing the product landing page information and the terms and conditions associated with the product. If you are uncertain whether a product is suitable, we strongly recommend seeking advice from a regulated independent financial advisor before applying for the products.