My Debt Diary

Verbatim

James,

where are you?

Saw on another thread that your 0% cc will run out in June and that you were thinking of getting a loan if you couldn't get another 0%. Would it not be better perhaps to concentrate on paying the card off if the Egg loan is at a reasonable interest rate. Or is the Egg loan variable so the interest rate increases with the bank rate?

James240

hiya Verbatim :hello:

To be honest i dont think the loan is variable and i havent looked at the figures either basically a little knackered from work and im probably going to bed soon as i m really tired ....

southernscouser

A loan? :undecided

Have you learnt nothing you bloody numpty! :rolleyes:

The interest will be front loaded mate so if you plan to pay it off early your pooped! What about a low life of balance card?

It's what I use and I'm the best!

James240

Egg Loans arent front loaded and im able to overpay with ease as thats who i got my current loan with at the moment

southernscouser

James240 wrote: »

Egg Loans arent front loaded and im able to overpay with ease as thats who i got my current loan with at the moment

Smart @rse! :rolleyes:

James240

southernscouser wrote: »

Smart @rse! :rolleyes:

Moi ? :rotfl:

James240

Right been doing a bit of figure work (again :rolleyes::D)

It looks like if i stick at it i will have my loan payed off by the 15th August which will leave me to start hitting me credit card debt from the 1st September.

Realistically the total credit card debt that i will have from the 1st September taking into account my matched betting winnings (current figure at the moment) is £3764.13 (£5592.56 current figure for MBNA Card - £1828.43 current figure for matched betting)

The only problem being, well theres 2 problems lol one i that i need to find a card before the end of July, cos the 0% deal i have on my MBNA card runs out then.

The second is that its me 30th Birthday in September so that might have an effect on how much i can pay off during that month :rolleyes:

If i have £3764.13 by September to pay off, im going to need to find £941.03 a month from then to actually be debt free by the end of the year :eek:

This im thinking may not be achievable and possibly i may be looking at my orginal date of Feb 2008 to be debt free.

It all comes down to how much i can make from matched betting from now until the end of the year. Ive got a bit of a ace up my sleeve but im not entirely sure its going to make me enough to be able to be debt free by the end of the year though.

Im a bit disappointed because i thought i had done my sums before and worked out that i only needed £2300 clearly i didnt do my sums properly :doh:

Looks like ive got me work cut out if i want to be debt free by the end of the year :cool:

James

southernscouser

Whats this ace then mate? You old !!!!!!!

James240

southernscouser wrote: »

Whats this ace then mate? You old !!!!!!!

Doing it for me mum so goiing 50/50 with her on profit


just in the process of funding her account with some funds to get it going

kipper_2-2

James240 wrote:

i need to find a card before the end of July, cos the 0% deal i have on my MBNA card runs out then.

Get off ya bum and find one then...


there ya go, I'm being as helpful as ever



I still think you may do it, you have 8 months matched betting ( plus the ace up ya sleeve ) who know's what that may rake in!.


stick with it and be positive or ya will have me to deal with