I wanna be debt free - Moving out next year hopefully!

smartjoy

Evening,

I feel a bit better!

I owe on HFC Bank (Laptop) £705.20 (Interest 29.5% A.P.R)

That's valid until the end of this month when the next payment comes out.

Bokken_2

smartjoy wrote:

Mint (Credit Card) £865.70 (Interest at 14.939% on purchases, however I did have some money advances as well on the card. Those are charged at 19.435%)

!

Okay it's done now not much you can do about it.
NEVER have cash advances or Balance Transfer on to a card after having used it for purchases.
This is explained in Martins articles on BT & SBT.
It is all to do with the way the interest is allocated and it collects there on your account and you can't pay it off.
You need to move the balances to a 0% credit card to reduce the interest you ar incurring or make overpayments on the credit cards that you have to get the balances right down.
Shouldn't take too long.
Once youve cleared them apply for new 0% cards which fit your requirement ie.one for purchases,one for BT if you need it,one for placing cash into your account(SBT).
have a read of Martins articles and all will become clear

smartjoy

That's the problem! I have applied for a few credit cards + loans and have been rejected for their credit scoring.

What is confusing is that I was accepted for the CC when i was a student, now I am a full time worker I am rejected, I am getting credit reports as we speak so that I can investigate, I feel powered to be taking control if im honest!

Can you link me to the articles please?

Cheers

smartjoy

Ok,

Just had a look at Experian, signed up for their free 30 day trial,

Basically, has the one missed payment from my Mint Card, that was explained earlier, without my knowledge direct debit wasn't set up for first payment. They refunded me the money in the end up but that shows, I have around 8 or 9 good payments on that Mint Card. The other ones, HFC and Orange are all Green indicating a never missed payment.

My credit search history is a disaster, to be honest, I think this could be why I am not getting credit.

There are 12 searches (including credit agency for ID purposes) my 2nd check was for my Mint Card which was succesful, however I then have 9 failed searches for various loans and CC's.

All the information on there is correct though, I need to check the other agency just to tie up then work out a plan to pay off card and laptop debt.