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Money owing question

Posted 15th Dec 2020
Hypothetical situation.

I owe £900. This is 3 x £300 on different credit cards let's say all with an APR of 30%

I am offered a £900 loan over 1 year with an APR of 50% to pay them off.

Do I take the loan and pay off the credit cards, or continue to pay off the credit cards bit by bit without a loan?

Thank you.
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