Age
23
Employment
Banking Sector
Gross Income
€28,350
Property
renting - €650 per month
Savings
Nothing right now
Pension: yes
Spender or Saver: Spender
My Question/s:
I currently have a loan for €16,000, credit card with balance of €2500, second credit card with €2000 and an overdraft of €500. I was thinking about applying for a loan of €5000 to clear the two credit cards and O/D. I'm currently able to make the minimum payments each month but they are crippling me and have very little else money left after credit cards.
Should i apply for the loan and close both credit cards? that way I will have more money each month and will have both my loans paid of in four years? Any advice appreciated thanks!
23
Employment
Banking Sector
Gross Income
€28,350
Property
renting - €650 per month
Savings
Nothing right now
Pension: yes
Spender or Saver: Spender
My Question/s:
I currently have a loan for €16,000, credit card with balance of €2500, second credit card with €2000 and an overdraft of €500. I was thinking about applying for a loan of €5000 to clear the two credit cards and O/D. I'm currently able to make the minimum payments each month but they are crippling me and have very little else money left after credit cards.
Should i apply for the loan and close both credit cards? that way I will have more money each month and will have both my loans paid of in four years? Any advice appreciated thanks!