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can you advise?
noynoy
Posts: 380 Forumite
i had late baby loss about 8 years ago and fell of the money wagon and racked up £4000 in debt since then i have had 2 beautiful boys and manged to get down to £2500 which is one loan £1500 and £1000 overdraft i dont work because if i did i would be worse off as dh earns just over the amount for me to get childcare help and working tax credit..also he donst know about this debt..but now im really struggling now i no longer work spoke to bank and they said get a loan..but bank wont let me have anothr one..am currently looking for a saturday job to help pay it off i gt £210 in my bank and £110 is interest and repayments..i know its all my fault and dh pays all the bills
but if anyone could help me with advise id be so grateful
but if anyone could help me with advise id be so grateful
total debt 4711.00 at lbm (4217.31) dfd aug 2012 :eek: overdraft 800 (400.00) kill overdraft first, loan 1500.00 ,creditcard 2411.00
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Comments
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Ok
We need to think a bit laterally here.
Was there ANY PPI on the loan or any account that you have since closed? Reclaim it.
Have you been charged anything for late payments by either these companies or any other creditor in the last 6 years? Reclaim it.
http://www.moneysavingexpert.com/reclaim/
You need another bank account into which you pay the child credit etc?
And read here http://www.moneysavingexpert.com/protect/make-money and see if you can make a few quid each month by doing clicks and survey or even mystery shopping.
And can you consider a small amount of work as you would not be paying tax or NI, which saves you about 40%.
If you've have not made a mistake, you've made nothing0 -
why another bank account into paymy child tax?total debt 4711.00 at lbm (4217.31) dfd aug 2012 :eek: overdraft 800 (400.00) kill overdraft first, loan 1500.00 ,creditcard 2411.000
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noynoy, another bank account not connected to the bank you have the loans and overdraft with. It's so they can't just help themselves to your benefits.Pad, started 28.11.08 running total £3674.91:T
Sealed pot challenge member 346:T0 -
thankyou was also wondering if theres away to get 0% interest credit card that i can move at least one of the debts to but not sure how to do it as they are usually credit card balence transfers not loan/overdraft transfers?total debt 4711.00 at lbm (4217.31) dfd aug 2012 :eek: overdraft 800 (400.00) kill overdraft first, loan 1500.00 ,creditcard 2411.000
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noynoy
It is pretty difficult to get a 0& card if you are not working, in the current credit crunch.
What is the Apr on your loan and OD?
Do you get charged fees as well as interest?If you've have not made a mistake, you've made nothing0
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