bit of advice

saintly_2

i was getting debt free then went a bit mad when i split up with my ex, now with a new partner and we have been talking about moving in together. Have 2 credit cards which i am snowballing, they should be gone by April its just my overdraft.

I earn £1022 a month and my overdraft is £1200, am i allowed to open a new account and class this £1200 as a debt then i can pay some back to it every month? I cant seem to see a chance of paying it back whilst still using the account

Ames

Of course you're allowed to do that, if I were you I'd set up a standing order from the new account just so I wouldn't forget to put money in. Do make sure though that the new account is with a bank not linked to your creditors.

dancingfairy

Why not do a new soa and post it up and see if anyone has any more suggestions for you and so you can get it clear where you are starting from now. I'm sure you've learnt loads from before but you may pick up a few more tips to get you debt free even quicker.
df

Effy

Hey I had an overdraft larger then my salary and I was thinking of doing the same, to save the hassle of changing banks if you dont want to, i started phoning my bank on payday and reducing it by £50 a month Im still doing this and its slowly coming down im even in the black for one day a month now! lol

saintly_2

dancingfairy wrote: »

Why not do a new soa and post it up and see if anyone has any more suggestions for you and so you can get it clear where you are starting from now. I'm sure you've learnt loads from before but you may pick up a few more tips to get you debt free even quicker.
df

here is my soa, i live at home with my parents that spoil me rotten.

Income

£1002


Outgoings

Rent £170
BT Landline £15
Mobile £10 PAYG
Car Insurance £37.50
Petrol £50
Car Loan £118.19
Personal Loan £207
Cigs £50 (i dont drink alcohol so my only vice, am trying to give up as new boyf doesnt smoke)

Greenwood £80
Car Tax & repairs £20
Bank £15 (interest they take out)

Clothes Havent bought myself clothes in god knows how long



MNBA & Vanquis Am currently snowballing these, £150 between them


This leaves me with £79 ish left, i am spending £5 a week on sundries so really should have about £50 quid left, i never do, no idea where is goes.

RAS

Hiya

Going to do the broken record thing. Please sign up for your local group of www,freecycle.org - like e-bay but the goods are free and check out http://www.moneysavingexpert.com/protect/make-money.

Do you really really need the car, and even more so, do you need a posh car.