Halifax have put me in an awkward position

eschaton

Dan0956 wrote: »

paddy, why dont you !!!! off with your negativatey and sarcasm, ive come here for advice not to be picked on by idiots like you

Why don't you get a grip of your spending instead of insulting people.

Budget - Control - Save. Currently you're going down quicker than the Titanic.....

Dan0956

Paul

yes i will be closing the 2nd account which will have a balance of 0, just so i dont use it again.

And im sick of people assuming the reason im in debt is because i overspend, i actually have personal reasons as to why i got this much OD which i have mentioend in other threads. I am paying it off as i do earn more than i spend.!!

neil9313

Dan im afraid you should not worry re savings,

you need to service the highest interest 1st, so what are all the APR's on all these loans?

eschaton

Dan0956 wrote: »

I am paying it off as i do earn more than i spend.!!

How much more ?

Dan0956

Neil

Yes, the savings are gone, im using them to clear of one of my 2k overdrafts which im paying £30 a month at halifax for !!

eschaton. Well i earn prob £2k after tax a month, then my bills(rent), cost of living etc.. is prob about £1500, so i can save £500 a month.

so i believe in 6 months i`ll be clear.!!

Dan0956

paul got it spot on... when he said...

As I understand it:

(Halifax1) 2,000 OD limit, 1,900 used, 30/month
(Halifax2) 2,000 OD limit, 1,900 used, 30/month
(Halifax3) +1,500
(Barclays) 2,300 OD limit, 15/month
(Mum's loan) +500

Gross 'debt' (assuming OD fully used): 2,000+2,000+2,300 = 6,300
Net debt with Halifax including mum: 1,900 + 1,900 - 1,500 - 500 = 1,800

The theory (I think) being that the above list becomes:

(Halifax1) 2,500 OD limit, 1,800 used, 30/month
(Halifax2) 2,000 OD limit, 0 used
(Halifax3) 0
(Barclays) 2,300 OD limit, 15/month
(Mum's loan) -500

I hope I got that right. I'll edit if clarifications come out later.

neil9313

Dan0956 wrote: »

Paul

yes i will be closing the 2nd account which will have a balance of 0, just so i dont use it again.

And im sick of people assuming the reason im in debt is because i overspend, i actually have personal reasons as to why i got this much OD which i have mentioend in other threads. I am paying it off as i do earn more than i spend.!!

You need to calm down as you want the help. Whatever the reasons that you are over spent, the fact is that you are.

Whats your credit rating like?

Dan0956

This time next month (providing i go ahead with plan i`ll be......

(end of month - the day before payday)

halifax account 1 - £2300- £2500 overdrawn, so lets say £2400
halifax account 2 - £2k OD available but balance 0, will close account
halifax savings - £0 as used to pay off OD in account 2

so debt of £2500 + £2300 (in barclays) so £4800, then my wages will go in and i start again !! - charges will be £45 a month as oppose to £75 this month

Dan0956

unfortunately credit rating is not good based on.

1) in a new job (3 months)
2) in a new flat (renting for 18 months now)
3) never ever had a credit/store card

eschaton

Dan0956 wrote: »

so i believe in 6 months i`ll be clear.!!

I believe you know hee haw about money.

I would try and help but you have selective listening so I really can't be arsed to help.