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should i pay lump sun off my loan with a 0% CC ?

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I have a Barclay credit card where I did a balance transfer for £900 where it was 0% interest for 33 months.



I am in month 7 of the period, however the card has been paid in full.



Barclay have confirmed to me in writing that all transactions to the £900 will still be interest free for the remainder of the 33 month period.


We have a Black Horse finance agreement for a caravan and

after paying a large lump sum, we still have £1830 settlement figure.

There is still 44 months left on the term.

The lump sum payment reduced the monthly payment from £272 to about £120.

Balance with interest if we pay the £120 every month is about £4400.


Barclay card have made an offer that we can transfer £1800 from the card into our current account with no interest charges till July 2015.

Our turnover using the card is approximately £1100 per month while reducing the debt on the card by about £500 per month.


Alternatively we can pay off the £1800 to BH over about 6 months by paying a higher monthly payment

however we will also be paying interest although not that much as APR is 13.3%.



If there is an issue, we are well in advance and could always reduce the monthly payment by making a token payment.


We are not sure which is the best option at this point and would be grateful for some advice. Thanks.

Edited by Andyorch
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