2009 - The Year things will Change!

RAS

Bear_Spender wrote: »

Helo based on the last month no, I cant find a full month where i paid either card or cash?!?! yep point taken I need to get the exact figure how much it cost me I do 250 mile round trip twice a month, so thats £70 quid? Yeah im probably over by 80-90 quid there. Point taken pen and paper going in the car to record fill ups cost and mileage then get true accurate cost

Thank you

Can you car share at all?

Can you do the journey by train and buy advanced tickets?

Bear_Spender

RAS wrote: »

Lost a whole post



So you are over spending by at least £300 per month.
Can you take a lodger.

What have you bought that you can sell on e-bay, amazon and at car boots to kick start the situation.

You need those APRS and I am going to try and post up the CC information correctly.

Yes i've just placed an advert for a lodger, not convinced at the moment but will see.

Ebay currently sold £250 of stuff fees to come off there, another £170 of tickets to sell!

PPI reclaim about to kick off, I hope

Have £770 coming to me in Jun that will be going straight off a debt prob highest interest or thinking about offering settlement figure, though as I have never missed anything or been late will prob be refused

RAS

You need to sort this a bit before June

What are the APRs and limits on those cards - other than the LOB and 0% deals?

Bear_Spender

RAS wrote: »

Can you car share at all?

Can you do the journey by train and buy advanced tickets?

Hello no cant car share that journey but am going to look at cost of advanced tickets and times to do the journey

Thanks

RAS

You need to list the APRS, limits and miminum payments on your cards. I think you are paying too much on some and not enough to clear you debt on others.

Bear_Spender

RAS wrote: »

You need to sort this a bit before June

What are the APRs and limits on those cards - other than the LOB and 0% deals?

Yep I appreciate that, that is just a lump sum payment on top of all the other payments.

I need to get exact APR's ive already tried to lower the rate but no joy on them verbally. so now ready to take them to the next stage

Limits

CC1 -15000
CC2 - 2100 - They just reduced it, which im happy with
CC3 - 1000
CC4 - 5000
CC5 - 7900
CC6 - 11700
CC7 - 13700 This is the one that when clear im trying to get a 0% deal its an abbey card and shift CC1 and CC4 to here
CC8 - 6000

RAS

CC1 - £9600 £200 Interest on last statement £183 - limit £15000
CC2 - £2000 £52 Fixed 5.9% LOB limit £2100
CC3 - £300 £25 - why so much on this one??????????????? Limit £1000
CC4 - £4900 £100 Interest £96 - limit £5000
CC5 - £7700 £75 Fixed 5.7% LOB - Limit £7900
CC6 - £11370 £125 Fixed 5.9% LOB - Limit £11700
CC7 - £672 £50 Interest on last statement £14.71 Limit £13,700 This is the one that when clear im trying to get a 0% deal its an abbey card and shift CC1 and CC4 to here
CC8 - £2200 £225 not in my name but I owe onto this 0% interest at the moment and ditto? limit £6000.

Overdraft - £1700 interest £17 so about 12% APR?- Currently £1500

Thats about £850


Can you reduce the limit on Card 1?

Why are you paying 10% off card 3 when you could be paying extra off the card you need to clear?

Can you cut the limit on card 8, even if it is not yours?

Bear_Spender

RAS wrote: »

CC1 - £9600 £200 Interest on last statement £183 - limit £15000
CC2 - £2000 £52 Fixed 5.9% LOB limit £2100
CC3 - £300 £25 - why so much on this one??????????????? Limit £1000
CC4 - £4900 £100 Interest £96 - limit £5000
CC5 - £7700 £75 Fixed 5.7% LOB - Limit £7900
CC6 - £11370 £125 Fixed 5.9% LOB - Limit £11700
CC7 - £672 £50 Interest on last statement £14.71 Limit £13,700 This is the one that when clear im trying to get a 0% deal its an abbey card and shift CC1 and CC4 to here
CC8 - £2200 £225 not in my name but I owe onto this 0% interest at the moment and ditto? limit £6000.

Overdraft - £1700 interest £17 so about 12% APR?- Currently £1500

Thats about £850


Can you reduce the limit on Card 1?

Why are you paying 10% off card 3 when you could be paying extra off the card you need to clear?

Can you cut the limit on card 8, even if it is not yours?

The £25's are just as I want to clear them to get rid of them???

Yes I can cut limit on all cards? why would I want to do that though? as i thought the greater limit and lower you had on them the better?

RAS

No

The more unused credit you have the worse it affects you.

Banks have to make provison for the amount of debt you can get not the amount you owe them, so £13,700 not £672 (except that the fact that you want to keep this one means you do not reduce it).

Reducing your credit limits will make you more atractive.

If you are paying more than the minumums on any of these debts except the one you need to clear, then you need to sort the payments out.

When you have transferred that debt to CC7, you need to pay the minimums on everything except the debt which has the highest APR. That way you pay off the debt quicker and it costs you less.

TurnaroundSue

You really need to snowball on the site I gave earlier at www.whatsthecost.com and also put a full SOA from www.makesenseofcards.com which will give a true reflection of ALL of your spending, including birthdays, christmas, haircuts etc.

Good luck - take a deep breath and use the above sites - they are excellent, you will get there in the end!!!