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Ok here is my SOA - I feel sick!!!! Help!!
Comments
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Butti gives some great advice on the previous page. Focus your payments on the credit cards that are incurring the highest interest and as you pay each one off, roll that repayment value onto the next highest and so on. It is called snowballing and there is a great little application on this site somewhere that calculates the best order for you.
Good luck. I'm in the same boat and I think it is just a case of being determined, focussed and following the right advice (which there seems to be plenty of on here!).Got my head out of the sand - 01/01/2010
Total debts to clear - [STRIKE]£18,886[/STRIKE] now £14,878
10k in 2010 challenge - £2,011
11k in 2011 challenge - £1,9970 -
Sarah,
Just wanted to repeat that sometimes it is just that you work the system too well that counts against you in credit scoring. I checked mine yesterday and it was all green lights BUT I got turned down 5 times last year and unless I leave it well alone until the Spring I will make matters worse.
By all means negotiate with your creditors but I would really stop applying for new cards until September
BDebt LBM (08/09) £11,641. DEBT FREE APRIL 2021.
Diary 'Butti's journey : A matter of loaf or death'.
Diary 2 'The whimsical tale of the Waterbed of Debt' 48% off mortgage
'one day I will be rich and famous…for now I'll just have to settle for being poor and incredibly sexy'. Vimrod Member of MIKE'S :cool: MOB0 -
You could find out if your existing card companies will offer you any balance transfer deals if you are not at your limits? Even if you can't move a whole balance you may be able to do some shuffling to lower rates?Debt at highest: £8k. Debt Free 31/12/2009. Original MFD May 2036, MF Dec 2018.0
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Sarah,
Just wanted to repeat that sometimes it is just that you work the system too well that counts against you in credit scoring. I checked mine yesterday and it was all green lights BUT I got turned down 5 times last year and unless I leave it well alone until the Spring I will make matters worse.
By all means negotiate with your creditors but I would really stop applying for new cards until September
B
Thanks Butti, I will take your advice on that and refrain from hitting my credit file anymore.
Katsu, all my cards at at their limits so nowhere to go with any of them, I intend to just soldier on and pay off my Comet card/now vey expensive overdrafts with every penny I can get and spend only monies that I have to & ebay everything I can I will keep you posted.
Thanks
Sarah0 -
just wondered how you were getting on? xxO/S Debt: PL £[STRIKE]15207.34[/STRIKE] £9884.55; HSBC £4060.99; Tesco£1430.15; M&S £5990.17; Virgin [STRIKE]£5158.69[/STRIKE] £4210.14; Egg £4619.00; O/S = ££30,292.42 AIM - To Be Debt Free 56 months0
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