pep

[cfd]

I have a small amount in a PEP but also have credit card debts which I am struggling to pay off. As I can rarely afford more than the minimum payment I realise that I am paying a lot in interest. Would I be better to cash in the PEP and pay off the plastic? I would appreciate advice. Thanks

[buildersmate]

Undoubtedly you would. The investment potential of the PEP would be far outstripped by the interest rate you are paying on the card, which are typicallly around 20% perannum.

[cfd]

Thanks - sorry it's taken me so long to acknowledge your answer - computer trouble!!