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New New Debt Person!
julesetjules4
Posts: 9 Forumite
hia
ok, here is my situ:
I have a loan of 23k for 6 years...
Am i right to be putting this to one side while I sort out my evil EGG card which is charging me £80 a month interest? plus the other cards i have ? erm, i think so ?! Although if anyone has any tips about loans and how to bring interest/payments down then please let me know. Thing, is as the payments are £336 a month this is stopping me from getting the rest of my debts down.
ok, here is my situ:
I have a loan of 23k for 6 years...
Am i right to be putting this to one side while I sort out my evil EGG card which is charging me £80 a month interest? plus the other cards i have ? erm, i think so ?! Although if anyone has any tips about loans and how to bring interest/payments down then please let me know. Thing, is as the payments are £336 a month this is stopping me from getting the rest of my debts down.
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Comments
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Hey there Jules,
The best thing to do would be to post up an SOA (have a look at the sticky at the top of the forum - or someone will post up a link soon I'm sure) and then everyone can advise much better.
The question re your CCs vs. the loan can be answered much better in the context of your wider financial situation. It would also depend a lot on the interest rates you're being charged for the loan and for the CCs!
HTH xxTarget debt - Loan left over from previous relationship - c. £3700
“Courage is found in unlikely places” — J.R.R. Tolkien0 -
Hi jules and welcome to the boards:hello:
Like Jenna has said if you post your SOA use this link
http://www.makesenseofcards.com/soacalc.html
Maybe we could suggest a few tweaks to your budget
If you have any surplus cash pay it off the Egg card, but make sure you still pay the loan
:APROUD TO BE DEALING WITH MY DEBT NERD #869
DFD 5/1/16Numpty,Not sure why but I'm crying
. Of all the peeps on this board you're the kindest & most supportive of all & I'm :mad: & 
for you all at the same time . Wish I was there to give you a big :grouphug: & emergency hobnobs
xx0
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