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Getting rid of my 3K Cahoot card
jonboyuk
Posts: 33 Forumite
in Credit cards
I am stuck in a stupid waste of money spiral called a credit card! I got a cahoot credit card when I was 18 for £3,000. 10 years later (now), I still have it, maxed at 3K. I can't get rid of the damn thing! I make min payments so end up paying off around £75 p/m but £25 is interest. The incurred intrested of the last 10 years probably would have paid the card off.
How the hell do I get out of this
Yes I know I have to pay it off! 
Thanks, Jon
How the hell do I get out of this
Yes I know I have to pay it off! Thanks, Jon
0
Comments
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If you cannot motivate yourself to pay way more than the mimimum amount, which is of course what you need to do, then have you though about perhaps getting a loan to cover this?
The apr is almost certain to be cheaper so might even save you money in the long run.
Good luck.Got Halifax Classic to reduce my interest rate by 5% woohoo - 10/06/08 Thanks MSE!
Another 3% shaved off 10/12/08
ANOTHER 4 % June 09:beer:0
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