Hello All , Debt shuffling advice needed

Hemel_David

n/t..............

Magentasue

Couple of questions:

Have you tried the snowballing calculator at https://www.whatsthecost.com?

Do you ever spend on any of these cards?

How much can you afford to pay on your total debt?

Hemel_David

Magentasue wrote:

Couple of questions:

Have you tried the snowballing calculator at https://www.whatsthecost.com?

Do you ever spend on any of these cards?

How much can you afford to pay on your total debt?

#

Hiya


We dont spend on them , at least try not to , and never on the `offer` apr cards , maybe some petrol every now and then on marbles or egg , we try and pay over the minimum if we can on all of them

i will take a look at the snowball calculator thankyou

Dave

Magentasue

If I understand your figures correctly, it'll tellyou to make minimum payments on everything apart from the Barclaycard 17.9% - and as much as you can at that Barclaycard.

As soon as a debt is cleared, whatever you were paying on that gets added on to you payment on the Barclaycard.

This only works if you don't keep adding to your debt so it's sensible to work out your budget so that you pay cash/debit card for everything even if it means your debt repayment is less. That way you don't add to your debt. If you have money left over you can always make an extra payment.

The problem comes if you only have enough for minimum payments - at least your Egg and Marbles balances aren't that high.

IMO, it's unlikely that anyone will increase your credit limits because of the cards you already have. Same goes for another 0% card - as you've just got one, not sure if you would get another straight away. Someone else might know more about that but I would have thought that once your Egg and Marbles cards are cleared and cancelled, you'd have more options.

frugglewump

Is your Egg the green c/card or Egg money. If the former you could use the 0% anniversary month deal for some of this.