Advice Please!!!! First Time Poster!!

Baileys_Babe

Please can you let us know the interest rates for your debts.

thorpe1

i will be on to sky first thing in the morning, cant get a balance transfer as my credit rating is low as my oh has ccj. both mobiles are on contract but mine gets the broadband free, already with quidco, do you know of any credit cards that will accept bad credit ratings???

thorpe1

Natwest Loan 7.9%
Natwest Credit Card 17.9%
Overdraft 17.9 %
Next 29%
Car Finance 15.9%

Arch-Angel

Baileys_Babe wrote:

Please can you let us know the interest rates for your debts.

And whilst you're at it - ask your providers for an interest rate reduction. Use the "I'm a loyal customer" arguement; it doesn't work for every provider (egg!!! :mad: ) but Halifax reduced my purchase rate from 13.5% to 9.95% just by asking "When are you doing the same as Nationwide (not paying the lowest rate off first etc.)? - why should I stay with you?"

Won't reduce your payments, but it does mean that your money will pay your debt a little quicker (and if you get a half decent BT rate transfer the smallest CC balance onto it? that might save you a few quid a month....)

lynzpower

At the risk of stating the obvious- is there any chance of bringing in extra income

Selling on ebay/ amazon etc
Car boots
Anything that can go in the loot?

Literally, every penny can go at the debts. Ive recently made another £80 on ebay for example, coming off my expensive debt. Again without sounding obvious, your NEXT card simply has to be closed off asap, you are paying a 1/3 more for each of the items you bought, at least.

With kids I bet they have clothes to sell etc?

thorpe1

the next card is going to be my first priority but only able to pay minimun payment on everything, i have a lot to earn I know and as I have said before the info is invaluable thanks all...

thorpe1

sorry i was meant to say i have a lot to learn

robert_harper_2000

rather than Nationwide use Alliance & Leicester! £50 refer bonuses with 0% matched overdraft!!

I'll refer lol

jessicamb

Those interest rates are crippling - although its not the highest value you might want to pay off the Next card first with as many overpayments as possible. At that APR it will takes ages to pay off on the minimum repayment.

MrsTinks

With Sky wait until they offer you Sky for half price for 3 months at least or less than a quid and so on AND don't be fooled into thinking you need a 12 months contract... they do 6 months ones... they just don't like admitting it