| Running up enormous credit card debt is
| |
| | from one card to another). If you want a
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| as traditional a part of Christmas as
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| | longer deal then look at HSBC's lifetime
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| defrosting a turkey with a hairdryer or
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| | balance which charges just 2.9 per cent
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| watching your grandma dance drunkenly on
| |
| | for two years. Cancel Payment Protection
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| the washing machine. When January comes
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| | Insurance (PPI) This is generally a
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| you are inevitably left looking back with
| |
| | complete waste of money that you only end
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| a mixture of self-pity, remorse and a
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| | up paying for if you forget to untick a
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| strange curiosity about how she got up
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| | box at the end of the application form.
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| there in the first place. Obviously in an
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| | Cancel it and you instantly save yourself
|
| ideal world you would not be up to your
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| | between £6 and £25 a month. Obviously it
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| neck in bills. But hey, Christmas
| |
| | will come in handy if you break a leg or
|
| wouldn't be Christmas, and that internet
| |
| | lose your job, but if neither looks
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| betting account would not be in the
| |
| | likely in the immediate future, then
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| increasingly rosy position it appears to
| |
| | there are far cheaper ways to protect
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| occupy. Fear not, for credit card
| |
| | yourself. Cancel Card Protection Plans
|
| catastrophe is a temporary complaint and
| |
| | (CPP) As with payment protection, card
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| need not be the end of the world. Here
| |
| | protection is an expensive extra that you
|
| are five tips to solve any Christmas
| |
| | just don't need. It is nice to have just
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| credit hangover. Or at least smooth it
| |
| | one number to ring if you lose your
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| over for while until you get the chance
| |
| | cards, but for the £20 a year you don't
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| to pay it off. Shop around Credit cards
| |
| | really get a lot more in the way of
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| are not football teams and there are no
| |
| | protection than you do from your credit
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| prizes for following them loyally towards
| |
| | card company in the first place. Get rid.
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| a hopeless end. If you have a balance
| |
| | Don't forget your savings There is no
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| that you are unlikely to pay off this
| |
| | point having £3,000 in the bank when you
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| decade, then whatever you do, do not sit
| |
| | have £1,000 balance on your credit card
|
| and pay the huge interest rates that
| |
| | costing you £150 a year. Transfer the
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| inevitably come with it. Lots of cards
| |
| | money across and save yourself some
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| offer zero per cent introductory interest
| |
| | dough, because there is no way your
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| rates that can apply for up to 15 months.
| |
| | savings account is going to pay enough
|
| They are an excellent way to take a break
| |
| | interest to cancel out your credit card
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| from big repayments and make life a bit
| |
| | charges. Don't put it all off The minimum
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| more comfortable. They are not an excuse
| |
| | repayment option may seem like a great
|
| for hitting the January sales like a
| |
| | idea but all you end up doing is paying
|
| leary bull dog. If you don't have the
| |
| | interest on top of interest. With a
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| energy to leap around from card to card
| |
| | typical interest rate of 15% it take 15
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| then look for a deal with a low-rate
| |
| | years to pay off the average card balance
|
| lifetime balance interest instead. The 15
| |
| | of £1,137 according to Moneyfacts, and
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| month interest free deal comes from
| |
| | that would include £855 of interest. Pay
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| Virgin Money, though it does have a
| |
| | off as much as you can reasonably afford
|
| slightly higher than average transfer fee
| |
| | and you'll find yourself much better off.
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| (the cost of transferring the balance
| |
| |
|
