So Finally I may have passed the corner...

backfromthebrink

Ok so got lots of debts when at Uni and then exacerbated them by messing up my work expenses and generally being a clown

My Debts are:

Loan A+L £10500 owed off £15000 loan at £457.88 a month (6% APR)
Mint Loan £15000 off a £25000 loan at £397.54 a month (7% APR)

Barclaycard £5500 at £97.00 per month (20% APR)
BOS Card £3457 at £65 per month (14% APR)
BOS Card £3400 at £65 per month (18% APR)

[STRIKE]
Capital One £200 at £11.75 per month (38% APR) Paid off
Amex Card £7000 at 136.00 penalty plus payment Paid off
[/STRIKE]

[STRIKE]
Halifax Card £900.00 at £25.00 per month (26%APR) Paid off
Virgin Card £3000 at £96.00 per month (24%APR) Paid off
[/STRIKE]

Student Loan £9000 from 13000.00

I have the following costs per month:

Gym £36.00
Travel to work £150.00
Tv Licence £27.90
Shopping £100.00

Minimum Repayments £1082.42

Money for going out £100.00

Repayments to Parents £600.00

Pay from work £2865.00
Pay from Mystery shopping £50.00 (on average if not more)
Pay from Quidco £7.00 per month.

Money remaining to clear other debts = 825.68

I am lucky in that I am live in work provided accomodation or hotels so I have no bills or rent apart from listed or debts.

If you have any suggestions would be appreciated.

Thanks,

Bob
:money: :beer: :beer: :j

backfromthebrink

I have setup a spreadsheet and hope to be debt free by March 2010

natsplatnat

Hi Bob!!
You are doing well and good to see some of those debts gone for good!

Can I just ask if you really do pay £27 a month for a TV licence??

backfromthebrink

Hi thanks for encouragement.

I pay a direct debit of £27.90. I think it works out that I pay that for the first 6 months and that pays off this years licence then the next 6 months pay off the year after etc.

I could have paid £30.00 quid a quarter but I choose the monthly option -I think my reasoning was that it all works out the same in the end. I also only need the licence for 12 months.