I currently have €3000 shares in the credit union and my loan with credit union is now just gone under €3000. I am currently paying back €540 p/m to the loan.
My problem is that I have credit card debt of €7000.I am wondering should I put my credit union shares of the loan and use the 540 p/month to put off the credit card starting now or would I be better to wait until I have the credit union loan paid off during the summer and ask the credit union for a 7k loan to pay the credit card and leave my shares intact. The credit card interest is crippling me as Im only paying the minimum and getting nowhere. Want to sort out my credit card debt once and for all in 2013. Any advice appreciated.
My problem is that I have credit card debt of €7000.I am wondering should I put my credit union shares of the loan and use the 540 p/month to put off the credit card starting now or would I be better to wait until I have the credit union loan paid off during the summer and ask the credit union for a 7k loan to pay the credit card and leave my shares intact. The credit card interest is crippling me as Im only paying the minimum and getting nowhere. Want to sort out my credit card debt once and for all in 2013. Any advice appreciated.