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Credit card v Loan
Is it better to settle a credit card debt of £10,000 paying £200 per month to the CC company or taking a loan out? How do I calculate which one is more effficient (and saves me money)?
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Just a Quick Question
I currently owe £5802.36 as follows HSBC Loan £4168 Loyds TSB Advance Card £1634.36 ( 0% till Feb 2006) As you can see I have taken the best possible action i could have with the Advance card and i pay £40 a month to reduce this. At the end of the 0% period i will either pay off the outstanding balance in full or transfer…
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debts all over the place
Hello, I've looked on this site for answers to my various debt problems, and have tried some of the suggestions, but am still utterly confused. It doesn't help that I'm dyslexic and probably the least organised person in the world - but I'll try and break down my debts to see if any of you can help! I have a Natwest…
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What should I do?
ok, my problem is tiny compared to others on here, but I would still appreciate some advice. We are due to get married in June and although we have saved the majority of the money, reckon we will need a max of 3k on top of this, we will also need about another 1200 as we are getting a new roof for our flat and this is our…
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First National
I have a 2nd charge (soon to be got rid of!!) with 1st National, and over a period of two years the interest rate rose from 7.9% to 9.5%. I rang them up recently to say how ridiculous this was, they verified that I was willing to increase the monthly amount, and they promptly advised me that they would drop the interest…
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Help with debt (detailed info enclosed)
I'm looking for some debt advice. I have about £25,000 debts on credit cards and £3,500 on catalogues (details below): CARD BALANCE LIMIT Alliance & Leicester £1,700 £3,000 Barclaycard £3,100 £3,550 cahoot CC £3,750 £5,750 (I have a current account with cahoot too) Capital One £3,600 £4,000 Egg £5,550 £6,500 MBNA £5,600…
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what would you do?
those of you who read other boards may know about this. My mum has letter from the solicitors saying a finance company are seeking reposession of her house. She has a super great big head in the sand attitude. Could she go bankrupt and not lose the house? Can sis and me get power of attourney, and if we did would it make…
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£51000 in debt and growing
As the title suggests not a great situation. Unfortunately for me I work in Financial services. So if I end up with a bad credit history bang goes the lively hood. Any suggestions Thanks :j
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Advice pls
I have a few credit cards with small balances on ie coming down slowly with a long term apr of 3.9% and 6.9%. I have some others on standard rates varies from 11 - 13 %. The 11-13% ones tend to have higher balances which keep being carried forward each month. I am in a position to pay an extra £200 per month but dont know…
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Legend, myth or fact???
Firstly, hello to all the boarders here... This is my first post here on MSE, but I have read through a few of the threads and can tell already that I will fit right in here... I have plenty of questions to ask and will do my best to answer a few too... Today I'd like to open a debate and call upon you all to either prove…
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Debt Calculator
Does anyone know of a calc that takes into account extra payments. I am paying me cards of at £250 per month but when my student loan comes it is going to my cards also. So will pay less interest and my DFD would be sooner? Anyone any advice
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Debt out of control - baliffs appointed
Hi, hope someone can get me out of a jam. A close relative of mine has debts that have got out of control and has had a letter from Milton Keynes County Court advising that baliffs have been appointed for a debt to the open university. The baliffs are due to call on the 20th of April. I only found out about this on Fri PM…
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Help
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Relief
Story so far - http://forums.moneysavingexpert.com/showthread.html?t=35036 My partner and I are now bankrupt! We thought we would get there early, however they still didn't see us until exactly 1.30pm so there wasn't really any point. We had a very nice lady go through the forms with us. There was another lady there as…
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Bankruptcy and Bailiffs - terrified
Hi, My husband was declared bankrupt in february, which I add was not through frivilous spending but trusting the wrong business partner. Slowly we are rebuilding our lives, emotionally and he is working which just about covers our outgoings. However this week we have had two letters saying bailiffs will be coming, one for…
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Mate in a mess
Hi All I spent several hours last night with a friend who is in a mess financially. I went through the budget planner then broke down his 8 cards and loans and HP on a separate spread sheet. I need some guidance on how to help him. I think a lower loan to pay them all off but not sure if he would get one. Or could he…
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I want just one debt to pay..
I have 4 catalogues and two credit cards that i have a debt on..in all i owe about £3300.00 to pay back..With my catalogues i have arranged to reduce my monthly repayments to lower amounts, but i have not yet received a confirmation letter stating if they accept my offer or not. I sent them a budget sheet and a letter…
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Bankruptcy Advice
Hello all again, Well I have started to sort my finances out very slowly, with support from here and the use of Martins budget. I have swapped and moved money and squeezed every last drop and I now have a Green Results section! Now to deal with my other half! My beloved is currently under the watchful (?) eye of Gregory…
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Debt and First National
My husband and I have been dealing with Payplan who are fantastic. They have dealt with all the companies that my husband and I owe money to and arranged for interest and charges to be frozen. In return we pay Payplan a set amount each month and they pay an amount (pro rata) to the companies we owe money to. The only…
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Worried.. Earn £28.5k, owe £36k!
As header of this points out, I've taken on too much.. Unfortuantely this is 6 years of spending on plastic catching up on me. I can no longer afford rent and min repayments on 2 loans and a Visa Gold card. What should I do? Worrying thing is I work in financial industry and I'm being trained in my job to be FSA approved.
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