8k DEBT HELP

tesuhoha

Seems like you have about £400 - £500 a month to throw at your debt. If you can transfer the 20.9% card to a lower rate (other than a loan), then that money could start to make a difference fairly soon.

buses7675

Hi All,

Can anyone enlighten me as to what 'Bike Tax' is - Never heard of anyone around here (Liverpool) mentioning it or having it!

Cheers

Steve

'Edit: Just realised, Motorbike Tax! - Was going to say, surely they can't tax you on a pushbike!'

Antj87

yes just paying for single person atm as the didnt give me discount last year (when i lived on own) so that said insted of paying me back thay will only make me pay single this year then back up to full payments

Antj87

EVERYTHING ABOVE CHANGED


Month
Rent - House £224.00
Rent - Gararge £20.40
Telephone - House+Internet £40.00
Telephone - Mobile £40.00
TV Licence £10.96
Council tax £67.40
Water £31.00
Gas £60.00
Electricity £60.00
Food £200.00
Car tax £14.68
Bike tax £5.20
Petrol £80.00

Total £802

Income:
Wages: £1,300

Total: £1,300


Egg Card - £3,360.16 limit 3.5k ---19.6%
Egg Loan - £3,773.27 160/mnth --- 6.9%
Barclaycard Credit card - £430.04 2.4k limit- 6.9% life of balance
Halifax Credit Card + £1.95
Halifax Bank Account £0.00
Lloyds TSB Current account + £533.42

Annie_Fanny

Have you tried the snowballing technique? It will help you target your debts efficiently!

http://www.whatsthecost.co.uk/snowball.aspx

Can you take the money in your Lloyds TSB account and get rid of the Barclaycard once and for all? Then cancel the card!

Annie

lynzpower

Ant,

Are you self employed? Or employed by a company ?

Antj87

well self employeed but got a 5 mnth contractr atm

lynzpower

Do you get any mileage, petrol contribution or anything towards your transport for work then ?

brranger

my halifax card is 20.9% apr

Ring them and ask if they can give you a better rate the best they can do is 9.9% I think but they may do you a transfer deal at 6.9% as they keep sending me special cheques to do it with.

Barclaycard Credit card - £430.04 2.4k limit- 6.9% life of balance

How come it changed from 0% to 6.9 LOB and is the offer still open to new balances if so shift some Egg card over. talk to Halifax first see if they can give you a good offer.

Ranger

Antj87

Halifax said they aint dropping my rate so i have left the card open while i claim back my charges!!!

Update:

Egg Card:£1,633.16 @19.6%
Egg loan:£3,773.27 @ 6.7%
Barclaycard:£2150.40 @ 6.9% LOB

Also claiming back charges from LLOYDS TSB 1 WEEK TILL DPA DUE BACK