The best way to clear a large debt - advice needed please

fatbelly

Jesthar's post is good.

What was in the back of my mind earlier was - with a couple of 0% credit card deals you could probably pay off the remainder of the loan, then repay the credit cards at 2.5% per month, switching each year.

Debt-free date sometime in 2012!

A SoA would allow us to check if that sort of thing were possible.

Please don't get upset if the tone of our posts varies a bit. I've been around for a few years now (as you can see) and I view it as a strength that we get different perspectives.

You must chose to filter everything and do what seems best...hopefully from a more informed position.

Best wishes - I'm off out now.

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insider66

emnoangel wrote: »

I knew I wouldn't have explained myself properly - I am not loathed to pay the bank back (though after the numerous years my husband has banked with them both personally and through business I would have hoped they may have been a bit more accommodating - especially as when his business trade was good, it was very good), but I run a business and my husband is now employed, plus we run a business as a partnership and due to the work I put in on the businesses to make an income I don't want to have to use that much money a month out of my hard work to pay for a business that should have been closed years ago. And yes I expect it to cover its own costs and debts.

Anyway I think this is getting away from the point, it is not paying back the debt I have a problem with and I don't even care how we do it now, I just want it paid off ASAP which is why I am looking at the various options.

I must have misunderstood this part - apologies