£25k worth of loans

thebaddeleys

tesco £12k
abbey £9k
blackhorse £4k

all around 8% apr.

feels like a chain around our necks wish they would all just go away, have got 4ys left of paying them off, £750 per month we pay for them so we've never got two pennys to rub together!

any advice?

Thanks,

Kerry

Molanole

Welcome and well done on joining us!

Have a look at southernscousers sticky for first time posters http://forums.moneysavingexpert.com/showthread.html?t=107280 and then why don't you pop you SOA up so that the experts on here can help you find some savings and areas where you can cut back.

You're not on your own and we're all here to help.

lynzpower

Molanoles right,

But just wanted to add a :hello: from me too

ms_london

thebaddeleys wrote:

tesco £12k
abbey £9k
blackhorse £4k

all around 8% apr.

feels like a chain around our necks wish they would all just go away, have got 4ys left of paying them off, £750 per month we pay for them so we've never got two pennys to rub together!

any advice?

Thanks,

Kerry

As the others have said, post a SOA and perhaps we can help you a bit more. To be honest 8% isnt too bad & it could be more, but definately understand what you mean about a weight around your neck...

Are there penalties for overpayment on the loans?

xx

CosmoCat

hello and welcome!!

looking forward to seeing your SOA!

thebaddeleys

tell me and i'll do one later,

thanks for all your replies it means alot to get some help off others x x x

thebaddeleys

whats an SOA? x x x

lynzpower

Its a Statement of affairs ie your income & outgoings
check out southern scousers sticky, first time posters and have a good read

Molanole

Hello again.

An SOA (or Statement of Affairs) is basically all of your income and expenditure broken down. You should list all your monthly outgoings, your loan, cc debts etc and their APRs. Southern Scousers sticky tells you how to go about doing one.

Hope that helps

Mrs_Sparkle

If you look at the link Molanole gave you all will become clear: Have a look at southernscousers sticky for first time posters http://forums.moneysavingexpert.com/....html?t=107280

And welcome to the board- you will find a lot of useful support and advice here!

thebaddeleys

thanks everyone i've got to take my little baby boy to clinic group now so will post my SOA later,

thanks,

Kerry