"This time next year, Rodney" Hypno's latest instalment

slowlyfading

hypno06 wrote: »

No chance of being shot down SF - and I would like to be rid of anything, to be honest! It seems to fit nicely too.

I just think that it would give you a little moral boost, it'll get another one crossed off the list so to speak, and one less for you to focus on? Do you have minimum payments to it as well? because then that'll be freed up as well. Just my two pence! I'm sure you'll figure it out

hypno06

The payments on the little loan are about £43 per month.

On a completely BAD BAD note - I mug punted....it is Cheltenham.....and my horse "Ski Sunday" just came in second........(don't worry, I only bet £2.50 each way) but he was 20-1 so I made a profit

slowlyfading

£43 is nearly another square and i have no idea what that all means, but yay for making a profit!

Karmacat

:eek::eek::eek: mugpunting :rotfl:

Well, there are social occasions for mugpunting, you know!

beanielou

I too would go with goodbye to the smaller Barclayloan at 19.9%

Keeping_Motivated

I have heard alot of talk of full and final settlements on this board. Would this apply to you or do you have to be on a DMP or something to offer a lower payment to pay in full early? Just wondering if you could offer a lower amount?

taxi73

Well done on the money coming back to you.For what it's worth I'd clear the smaller loan off with that and carry on with whatever the plan was for next.

Seaxwyn

Hypno, why don't you start a new thread about this dilemma? That way more people will see it and you'll get a broader range of opinions.

Double_Trouble

hypno06 wrote: »

The 0% is until June next year, and the plan is still to have all the debt gone (including that balance) by then (or be pretty close to it), so the aim will be to not go anywhere near having to pay the extortionate Virgin APR at all.

If it looks like I won't be able to get close to paying the Barclayloan off (I think we find out about bonuses in May or June, so I will have an idea then) then I will use it to reduce the Egg loan, and carry on throwing money at that one to get it gone quicker.

I've not mentioned this to OH yet - for fear that he sees a balance of £3800 available and decides he can have the new motorbike he wants, after all.....:rolleyes:

This seems like a good plan the big one is the one to tackle if you can IMHO but if you can't I would pay off the smaller barclaycard before the egg.

DTxx

hypno06

Keeping_Motivated wrote: »

I have heard alot of talk of full and final settlements on this board. Would this apply to you or do you have to be on a DMP or something to offer a lower payment to pay in full early? Just wondering if you could offer a lower amount?

These don't apply to me - they are for people who have been passed onto DCAs etc or who are on DMPs.

I have almost decided what to do - and that is to throw it at my Egg loan.....I know it is the lowest of the APRs but it is the one I have been targeting, and it was one of the biggest (originally £25k). If I use the 0% and the money I got today, It would bring it down to about £3500 which is a really low amount compared with where we started, so if I continue throwing the extra cash at it, I can get it cleared fairly quickly, thereby freeing up the £422 per month I currently pay. Then I can have a little less worry should jobs change etc, because £422 is a BIG amount not to have to find, but if work etc remains plentiful, then that £422 can then go towards the next one.

So, basically, I am probably going to continue just as I have been, that way, I see the benefit of getting rid of egg (hurrah), freeing up £400 and having that little bit of flexibility.

Or maybe I......:rotfl: