Hi FriendlyAdvice,

Cannot thank you enough for taking the time to give our predicament some real thought. I wanted to set out our credit card situation in full for you as below:-

Tesco card 7.9% life of balance £3325 o/s £3500

Egg 6.9% for life £3017 £3500

Capital One 6.7% for life £1299 £6000

Halifax 6.4% for life £3821 £4250

Mint 5.9% for life £5299 £6150

Sainsburys 5.94% for life £5930 £6100

Nat West 3.9% for life £3705 £4550

Abbey 0% exp June 08 £129 £10100

Husband Sky 0% till Sept 08 £199 £7000

Wife Sky 0% till Nov 08 £4474 £8000

MBNA 0% till Dec 08 £4317 £4700

Total Avge in 6.27%? £35515 Pay roughly £1000 per month

Available overdraft on current account £5000 never used

We opted for the rare opportunities to get life of balance transfers rather than the 0% because felt that while they are available to us could not risk not being able to get 0% card in future and when 0% deals expire being stuck with high interest rates we could not keep up. Do you not think this is a good idea and I should keep chasing the 0% deals?

We have other cards with credit limits eg Morgan Stanley open so that when they offer us a good rate for transfers we can use them, never used for purchases but have had to draw down money to current account occasionally to top up money needed to pay them off. If we apply for new cards we are usually knocked back because we probably already have one of their cards anyway.

We really are green when it comes to the best thing to do - would moving home getting new joint mortgage create a way of paying off the debt and making a new start with a bigger mortgage be a good option?

We have twice had independent financial advice and both occasions the guys turned out to be working for their own ends and not ours.

What would you do FriendlyAdvice?

Rescueme