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I need help!
4grand
Posts: 41 Forumite
Hi everyone.
I'm not bad with my money as such, but I'm such a !!!!!! for sticking my head in the sand when I should be sorting things out!
I owe my bank (lloyds) £3200 and EGG £1800 making the grand total of £5000.
Ironically this is about the amount I claimed back from lloyds last year for bank charges!
I have stopped my direct debits and transferred them to my business bank account for the time being, but EGG want the £1800 like, yesterday! Plus I owe another £180 to Three.
What can I do? Can I get another credit card and pay off the EGG £1800 for free / minimum cost and just pay the new card back at £XX per month?
Lloyds want me to pay them £100 but then £50 of that is being swallowed up by interest so i will only be losing £50 of debt a month!!
I am a self employed Web designer and have recently started to get lots busier so hopefully wont be in this situation for long, but I have not told my fiancee about any of this yet as I feel far too bad to do that. I even took on a new client today for £900 so that I can pay the bank off quicker without her realising.
How can I get out of debt? Any advice?
I'm not bad with my money as such, but I'm such a !!!!!! for sticking my head in the sand when I should be sorting things out!
I owe my bank (lloyds) £3200 and EGG £1800 making the grand total of £5000.
Ironically this is about the amount I claimed back from lloyds last year for bank charges!
I have stopped my direct debits and transferred them to my business bank account for the time being, but EGG want the £1800 like, yesterday! Plus I owe another £180 to Three.
What can I do? Can I get another credit card and pay off the EGG £1800 for free / minimum cost and just pay the new card back at £XX per month?
Lloyds want me to pay them £100 but then £50 of that is being swallowed up by interest so i will only be losing £50 of debt a month!!
I am a self employed Web designer and have recently started to get lots busier so hopefully wont be in this situation for long, but I have not told my fiancee about any of this yet as I feel far too bad to do that. I even took on a new client today for £900 so that I can pay the bank off quicker without her realising.
How can I get out of debt? Any advice?
0
Comments
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with all due respect £5000 is nothing as debt is concerned, however, you are obviously struggling with it, and I suggest that you post your SOA and we will see if we can help. Is your business making money? Can you take a part time job to supplement your income, you have to do something in the short term, what is your credit rating like? maybe you could apply for a low apr transfer balance card, you will not be able to transfer for free though, most charge about 3%.
Merlot.x."Wisdom doesn't automatically come with old age. Nothing does, except wrinkles. It's true, some wines improve with age. But only if the grapes were good in the first place." — Abigail Van Buren0 -
http://makesenseofcards.com/soacalc.html is a great help, post up your SOA and we can see where you can cut back/save
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