Advice what do you think?

uptomyeyes1984

no the soa asked for min payments i wrote what my statement tells me i normally pay above the min depening on what cash flow is available normally around £50 lol deffinatly NOT £5

Milly1974

Kelly, I actually think you are in quite a good position, but (like me) it sounds like you are impatient to be debt free.

You are in a great position as a stay at home mum to up your income from mystery shopping, selling on ebay, market research and other things, which if directed towards your debts would quickly make an impact.

Make savings on child expenses by freecycling and buying second hand, and when your bump starts out-growing clothes, you can sell these on too.

Enjoy the opportunities open to you!

Milly x

andys15

uptomyeyes1984 wrote: »

no the soa asked for min payments i wrote what my statement tells me i normally pay above the min depening on what cash flow is available normally around £50 lol deffinatly NOT £5

I dont know what to advise, because when the 0% deal runs out and only paying £50 at the moment, its not really going to make a dent. The minimum payment next year on your MNBA will be about £150 and less than £50 will be paying the balance.
If you can get a loan now, I would without a doubt. At the moment you are paying everything but the repayments are so small its hardly making a dent,especially your MBNA. Yes it may be interest free, but your interest will soon mount up far past that of a personal loan. Unless you get a job next year or your OH gets a big pay rise, you have not got enough left when your interest starts applying. I would act while you are still making payments on tme, rather than react next year.

uptomyeyes1984

thanx milly i think your right i cant see whats right infront of me it's not as bad as i think and i'm lucky i can stay at home with my son.

i'm a TOP ebayer and i have to brag last month i made £270 from selling 2009 diarys (thats profit) so that'll be going into pay overdraft off.
as for saving on childexpeses my self and my husband are frequant bootsales (buying sadly more than selling) but have stocked my son up with clothes until bootsales come round again next year lol so in that respect were good.

thank you all again sorry for moaning i know others are alot worse off than me.

kelly x

andys15

Milly1974 wrote: »

Kelly, I actually think you are in quite a good position, but (like me) it sounds like you are impatient to be debt free.

You are in a great position as a stay at home mum to up your income from mystery shopping, selling on ebay, market research and other things, which if directed towards your debts would quickly make an impact.

Make savings on child expenses by freecycling and buying second hand, and when your bump starts out-growing clothes, you can sell these on too.

Enjoy the opportunities open to you!

Milly x

Milly she may look like she is a good position now, as she is left with over a hundered quid after paying for everything. Fast forward 12 months and she is not. If she is left with £100 a month plus, why is she still £700 od. in 12 months times she would have paid £600 of her MNBA card so will still owe over £3000, thats just one of the cards and the hundred quid left will be swallowed up by that one card. If she acts now, however that mayy be, others will know better at least she is ahead of the game.