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What to do!
churchy80
Posts: 18 Forumite
Hi Everyone,
Needing help!
I have sorted all my finances cut back on everything from paying for lunch at work, to cycling to work, and bring my own lunch in. Unfortaunately I have one debt thats causing me problems.
After my Mortgage, Loan, Travel and food Shopping. I have all of £30 left in my account. My parnter pays the Bills so everything is covered.
The problem is, I am doing a Computeach Course which costs £6150 on a buy now pay later. This ended 3 months ago and unfortunately as I was unable to pay the £6150 before hand. Due to this the interest kicked in and the value of the course has gone up to £12000 with a monthly payment of £234. I have spoken to Barclays who the finance is set up with and Reduced the interest rate to 0.5%, but are still wanting a monthly payment of £205. I have explained my difficulties and I am making token payment of £15-30 a month to show I'm not avoiding them and trying to come up with a solution.
Any help of how I can resolve this?
Needing help!
I have sorted all my finances cut back on everything from paying for lunch at work, to cycling to work, and bring my own lunch in. Unfortaunately I have one debt thats causing me problems.
After my Mortgage, Loan, Travel and food Shopping. I have all of £30 left in my account. My parnter pays the Bills so everything is covered.
The problem is, I am doing a Computeach Course which costs £6150 on a buy now pay later. This ended 3 months ago and unfortunately as I was unable to pay the £6150 before hand. Due to this the interest kicked in and the value of the course has gone up to £12000 with a monthly payment of £234. I have spoken to Barclays who the finance is set up with and Reduced the interest rate to 0.5%, but are still wanting a monthly payment of £205. I have explained my difficulties and I am making token payment of £15-30 a month to show I'm not avoiding them and trying to come up with a solution.
Any help of how I can resolve this?
0
Comments
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Welcome
i suggest that you ring one of the debt charities here http://www.moneysavingexpert.com/loans/debt-help-plan#help
And would strongly advise that you have a chat with trading Standard, probably the one nearest Computeach's head office.If you've have not made a mistake, you've made nothing0 -
can you cut your food bill even if its by 10/15 quid that will help.
not sure what else you can do.
gxxDebt free 3 years early :j
Savings for house deposit - very healthy
Cash back earnt so far £14.570
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