Bonnie2013
Registered User
- Messages
- 20
Hi all,
I would like to ask your opinion on this if I may:-
I have a credit card and owe €15,000. At present I am paying the minimum amount and the interest is killing me.
I have two options:-
1. Credit card company said that if I am having difficulties in paying then they would work out a payment plan over five years without paying any interest but it would affect my credit rating.
2. "Ask to remortgage" to pay off credit card.
Anybody have any advice about the second option? Should I be honest and tell building society that its to pay off credit card? or for something else. Is remortgaging a good idea? I am on a fixed rate mortgage at the moment and this is my last year.
If anyone has any advice it would be very helpful.
Many thanks
Bonnie
I would like to ask your opinion on this if I may:-
I have a credit card and owe €15,000. At present I am paying the minimum amount and the interest is killing me.
I have two options:-
1. Credit card company said that if I am having difficulties in paying then they would work out a payment plan over five years without paying any interest but it would affect my credit rating.
2. "Ask to remortgage" to pay off credit card.
Anybody have any advice about the second option? Should I be honest and tell building society that its to pay off credit card? or for something else. Is remortgaging a good idea? I am on a fixed rate mortgage at the moment and this is my last year.
If anyone has any advice it would be very helpful.
Many thanks
Bonnie