Author Topic: Credit card debt spreading  (Read 1651 times)

dsmithsw4

  • *
  • Posts: 1
Credit card debt spreading
« on: Aug 01, 2008, 09:20:00 PM »
I am terminally ill and receiving Income Support for an indefinite period. I owe £10,000 on one credit card (no insurance cover) but I have other cards which i hardly ever use. I own my own home so do not wish to declare myself bankrupt. I could spread the debt via balance transfers. Would I be at an advantage or disadvantage if I spread my debt over all my cards so that I only owe about £1500 on each one ?