Help me get debt free ! (UPDATE )

JAMIEDODGER

you are doing really well....keep up the good work!

Bloke_with_a_simple_life

Hello No1!

Other job opportunities - if you want to say "Yes" to your boss all the time and don't mind him over ruling you and doing your job for you... there's a vacancy for you somewhere in Edinburgh - could kill 4 birds with one stone - extra money, takes up your Saturday afternoons, free trips to Europe in the Autumn - but gets you a good view of the game for nowt!

Seriously - good stuff with getting to grips with things!

NOt too sure on the hElathcare - is it only Dental cover you get? Do you need more than this? NOt too sure.. try this link

http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1087156515,79991,

Don't try to work too many hours & run yourself into the ground - and it impacting on your new job.

as for the upgrade - I'm always cautious of things which appear free - generally there's always a catch that stings you! So.. to be on the safe side (and not understanding the small print) stay away from the upgrade! Stick with your phone - see if T-mobile offer a better deal if you don't take up their phone! & presume you have looked at these articles recently

http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1124214048,51164,

http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1099157672,92885,

Ok... the car insurance thing... mmm.... you've got to weigh up if it is providing you with a benefit... or is it not... I think you should make the call on that one... I know what I would say (No thank you - do not want) - but it's your choice!

Oh - put the spare change to one side for some drinks on the 2nd Saturday in May!

Good luck!

Pressleyno1

Back again for another wee update. Oh how I love holiday pay. 17 days pay at once, mmmm, Overdraft was reduced from £750 to £100 today. It'll be reduced to £0 next Friday.

Started a part time bar job, paid monthly, looking for about £500 which Will go on the credit card. I'll leave about £50 on it and set up a standing order for £2 a week, which means reguar payments which willhopefully repair my credit score.

21st is next Thursday so hopefully get a few £ from that aswell. So all in all it's certainly looking much better than it was. Hopefully I will be debt free by the end of July. Not taking the loan into consideration here.

Question about the loan. It's for £2k, taken out in December, paid 4 payments of £150 a month. Can I pay say £500 every month into it ?

Just like £500 lump sums into the loan account of will I no be able to ?

MCBIRNIE25

Hi pressley, you need to check with loan provider to see if they allow this.

Bloke_with_a_simple_life

Hello Pressley,

As McBirnie says, check with the loan company.

However, consider paying the Credit Card off in full, rather than just paying £2 a week. I imagine that the credit card has a higher interest rate than the loan, better to clear the debt and psycologically good to see another debt go!

Good stuff! Well done.

Pressleyno1

yeah but i need to make regular payments to try and repair my credit rating. So £2 a week would do that.

Bloke_with_a_simple_life

Agree with your sentiments and desires - Disagree with the approach.

IF you still have your credit card (and it is not cut up), then pay if off and clear the balance to 0 and restore the "no interest to pay" situation.

Then discipline yourself to make a small purchase with it every month - say something less than £10. Setup the standing order for £2.50 per week and then you will be clearing the balance & making regular repayments all the time - no interest to pay. This is the best way I think!

Pressleyno1

helllo ha...

It's been a long time since I was last on. Well I have been on, but not posted here. So another update for you.

Loan now stands at £1200, which will be paid off by next july or sooner.
Credit card is fixed at £100 limit, which gets paid every month.

My credit score it turns out wasn't too bad after all. 920 out of 1000 which put my mind at rest.

I have an agreement in princaple for a mortgage, so all is good right now !