A Payment A Day Part 4

stopthespends

£5 for me over 4 CC :j

cashless_wonder

Evening all . . . £3.26 to various tins . . . Dentist bill came in at under £50 I was expecting twice that so result !!!!!!!!!!!!!!!!!!!!!!

LondonAndy

jo41 wrote: »

My question is should I PAD to my overdraft and close that account or just pay a token amount and eventually clear it?
I wonder what damage it may be doing to my credit file....any thoughts?
Jo x

FF's idea is a great one! I agree on the scary thought of the bank taking it away. If you are worried about that, dunno if this would work but could you do the stoozing principle thing kind of in reverse? So instead of making money in a savings account you use a super balance transfer to put the overdraft debt on a 0% card? (type "stoozing" into the serach engine top right)

If you are disclipined and credit rating allows, you get a Virgin or MBNA c/c and do a super-balance transferwithin 60 days ofopening (they pay off your overdraft from the card and its now on a 0% deal for 16 or 13months?) That way you have the security of the bank not taking away your overdraft and have shifted it to a 0% deal (no more £5 a month overdraft fee)....I guess its only worth it if you could pay off the entire o/d in the 16 months. And it costs 4% of the transfer amount so may be worth getting your calculator out. Plus you now have a new min payment to consider each month where you don't with an o/d

Maybe a cack idea (I would never have posted it on the credit card board through fear :eek:) but I don't mind you lot saying it doesn't work if thats the case...!

EDIT : I don't think having and using an overdraft does any damage to your credit rating providing you don't bust through its limit - but it still counts as a debt towards your overall credit facility amount listed. I busted through mine by £200 last year and have a missed payment marker. Even though I fixed it pretty quickly and added a correction note (work system failed to pay in my expenses grr)

jo41

Thanks folks for the ideas. Andy not sure I'd get the card and don't fully trust myself with credit lol:D
Think I'm gonna go with fresian's idea and do half and half.
Also once my salary goes in it will make it so much easier as I don't touch that cos I got weekly money to the other account from DH so will maybe only be looking at about £800 will start tomorrow.
Feel a lot happier as you are so right that they could pull the rug from under my feet at any time :mad:
Jo x

jo41

Just one thing...about to go out for dinner as after all I am on holiday!:rolleyes:
Forgot to mention earlier but tomorrow its a whole year since I joined PAD! :beer:
And I know I have achieved so much so.
Happy birthday to my PADing for tomorrow and I will start my 50/50 PADing tomorrow. Seems like a great day to start it :rotfl:
Jo x

LondonAndy

jo41 wrote: »

Happy birthday to my PADing for tomorrow and I will start my 50/50 PADing tomorrow. Seems like a great day to start it :rotfl:
Jo x

Well done on your first year in the [STRIKE]mad-house[/STRIKE] PAD thread !! And GL with your half and half challenge! :j

LondonAndy

tomtombeanie wrote: »

so we have paid back DS1 & DS2 and now need to re-focus our payments to savings and mortgage...in september

have a lovely summer, catch you soon...

Whoop whoop. Cracking PAD ! Hope you are loving the US of A. Please bring me back some Abercrombie & Fitch stuff? LOL. My favourite clothing but its the same price in GBP in London as in dollars stateside.

Macgirl will love that £2k, thats fired up the July vs August totals challenge !! *gets wooden spoon to stir up challenge*

euronorris

Hey all,

Back from my work drinks. The bar on the 12th floor was closed

But....as there aren't any bars, cafes, anything near us, we went to the bar in the hotel near us. Which has a GORGEOUS outside area with a water feature and the weather was glorius and best of all......still free as one of the manager's paid! YAY!

Hope all's well.

angelicmary85

euronorris wrote: »

And one of them started to berate a new poster about his spelling. Bad spelling bugs me, but I appreciate that other people struggle with it (for whatever reason).

It's the lack of grammar that annoys me! Spelling mistakes are easy to make but I really don't think there's any excuse to put a comma before an and!!

so_here_we_are wrote: »

I've come back here, as that CC thread is a scary place lol. Good luck to tracy. Well done rentamob for sticking up for them and giving them what for x

Rent-a-mob must have a terrible reputation by now! I didn't post but I thanked ou guys who did...I got into a tiny arguement with a poster over there a while back for proving him wrong :rolleyes:

tomtombeanie wrote: »

quick hello from a hot, humid and sunny USA
haven't read the thread since page 87 but hello to everyone new & old and hope all is good in the world of PAD.

just wanted to PAD a whopping 2000.00 today as DH got an unexpected bonus :j

so we have paid back DS1 & DS2 and now need to re-focus our payments to savings and mortgage...in september

have a lovely summer, catch you soon...

That pad is ace...well done you!!

On a slightly different note - where have Twinkles and Frasersmum got to?

SarahNeedle1872

Totally agree Mary the grammar is terrible! But go Rent-A-Mob I say, they're sticking up for the new posters! It worries me that people post their first posts asking perfectly innocent questions, and the idiotic/childish responses they get may steer them away from the forums and the support their looking for! It really does make me angry some of the things that are said (and I haven't even read the thread in question!)

Sx