A Payment A Day Part 5

Paulgonnabedebtfree

macgirl wrote: »

Mmmmm, standing under someone's nice sweaty armpit on the tube...
I remember it well

Enquired about a loan with Nationwide as we have a Flexaccount and they're offering 7.7% to customers. They offered me 19.9%APR! :eek: So sod that.

So, applied at Alliance and Leicester - I've had a loan with them before so fingers crossed. (Actually, I've had a loan with Nationwide too )
OH I hate my stupid irresponsible self! :mad: I feel like such a child.

To be honest I'm still on a bit of a downer about it. I really don't want more debt. I know it's a necessity but it's still debt and a significant amount.....

Anyway, isn't it your last day tomorrow Andy?!

Enjoy it! I'm sure they'll get you something nice and give you a good send-off. Have a good one! :j:beer:

Well I do hope you can get a loan at a reasonable rate Macgirl. Throwing money at an old motor that never appreciates it is far worse than taking out a loan to buy a newer one. I had a situation a few years ago where I had an immediate repair bill of about £650 pluds an MOT to follow a couple of months later. The MOT work that I actually knew about was another £300 plus anything that I wasn't aware of. The van was very old. I decided to put my thousand pounds towards the next one rather than throwing it at the old one so I scrapped it. I was luckier than you with the credit situation though. I had some MBNA CC cheques at 0% for 6 months so I wrote one of those out. It left me vanless until it cleared but I needed a rest anyway .
I think this is one of those situations where it needs to be broken down into monthly outgoings rather than thinking of the whole amount. There's the monthly cost of the loan to be balanced against the monthly cost of repairs etc. Also, you may be able to get something that has low road tax. Another thing to consider is this. I don't know if it srtill works like this but you often used to be able to get a lower interest rate the more you borrowed. If you have other debt that is higher than the car loan, maybe borrow extra and use the balance to offset against a more expensive credit card? 19.9% may not seem so bad if you can use part of it to pay a card bill that is costing 22%+ .

Paulgonnabedebtfree

Nearly forgot

PAD of
£1.09
today.

Matt666

Morning guys!

Just the usual PAD of £4 to the cc's today - still waiting to receive my Virgin card to BT the amounts - then i'll be upping the pad to......£5 a day!

euronorris

helen_jelly wrote: »

Euro - Back pain from coughing is soooooooooooo painful - hope its getting better

Thanks!

It's feeling a lot better today as it eased off considerably during the night. Ahhhhhhhhhhhhhhh *sigh*. So pleased about that.

Today is my Friday! WhoopWhoop!

Double_Trouble

Morning Folks

Sunny here for a change :j

£21 PAD for me today to the 0% fund courtesy of free bingo again :beer:

Got an interview today (for a non paid job :rolleyes:) I don't do interviews so not something I am looking forward to :eek:

DTxx

Flower08

Morning all,

Had a very bad night sleep lastnight so feeling really grumpy!!

PAD today is £3.50 to HSBC CC.

Hope everyone is ok.

Forgot to say lastnight congratulations muso!! And enjoy your last day Andy.

Flower08

Double_Trouble wrote: »

Morning Folks



Got an interview today (for a non paid job :rolleyes:)

Good luck!!

njk0327

Don't think i can pad today, sorry jo! though i do have some money due to me tonight so tomorrow's should make up for it.
OH has bought DS1 an xbox 360 as his Christmas present (hidden in loft till then!) it was an absolute bargain and will save us in the up coming months but it was not budgeted for this month, so back in the overdraft again till the weekend ;o(.

angelicmary85

Morning All!!

Pad for me is £8.00 please Jo!

Have replied to your message x

Hope you all have a great day!

debt_obsessed

Morning all,

Managed to sell a pair of shoes to a friend so PAD for me today is £100 :j

Enjoy Wednesday, half way to the weekend :T