Borrowing with no Collateral/unsecured

Wutang_2

Ian_VVTi wrote: »

wow !!!! being your brother... harsh

Wow !!! being 21 and bankrupt....harsh

Ian_VVTi

hardly the case if push came to shove i would sell the car to pay things off if push came to shove so hardly bankrupt

quintwins

you maybe paying £110 instead of £210, however in the long run you will be worse off, and mounting up interest

if you really want to help your mum could you not try getting a free overdraft with your bank, we were offered a £3000 overdraft when setting up our account, we refused it as it would be 2 easy to spend it and get into hot water

Ian_VVTi

has the age of the free overdraft not disapeared now i know my bank want 1 pound a day for being in it

Simon11

"yes but paying 210 a month is worse than paying 110 a month"

I'd prefer to pay the most off asap, rather than drag out paying £110 for several years and paying more interest!

If your unable to pay off a small loan, what chance have you got Moving house?

You also need to increase your hours or find a better chance!

Min wage for 18-21 is £4.83 and you said you earn £650 a month? Therefore the max hours you have to be working is around 31hours a week?

Ian_VVTi

Simon11 wrote: »

"yes but paying 210 a month is worse than paying 110 a month"

I'd prefer to pay the most off asap, rather than drag out paying £110 for several years and paying more interest!

If your unable to pay off a small loan, what chance have you got Moving house?

You also need to increase your hours or find a better chance!

Min wage for 18-21 is £4.83 and you said you earn £650 a month? Therefore the max hours you have to be working is around 31hours a week?

i work 35 hours a week for a small architects firm in motherwell as an architectural technician with the construction industry the way it is no builders need architects to design stuff and do building control submissions and on my side no-one is getting house extensions anymore so no need for a architect or tecnician like myself

so overtime doesnt really exist otherwise id be biting his hand off

i would be able if i could consolodate all my monthly outgoings into one monthly payment would leave me better off month to month basis

quintwins

our overdraft is still free, we set our account up 2 1/2 years ago(northernbank), as our other bank suddenly took 10days to process oh's pay which left us very stuck and borrowing to get by, we are currently in our overdraft by £40 with no fee (will be cleared fri or else i'd have transfered money from our savings)

ILW

Ian_VVTi wrote: »

yes but paying 210 a month is worse than paying 110 a month



first off when was the last time you gave your brother a card for his birthday and went here thats your lot no you didnt im not acting like a kid im making th epoint im not giving my brother a 20p asda price card for his birthday

2ndly

excuse me i dont have a problem with my current life style atm it was my previous lifestyle was the problem

obvouisly i want to repay these people but what i want it to do it the cheapest per month not overall

I do have a sister, and we decided years ago that buying each other expensive rubbish that neither wanted for birthdays and christmas was a joke. We set a £5.00 limit and just try to put a bit of imagination into the crap we buy each other.
Regarding loans, the longer the term the more expensive. Do you just like chucking the money away?

quintwins

ILW wrote: »

I do have a sister, and we decided years ago that buying each other expensive rubbish that neither wanted for birthdays and christmas was a joke. We set a £5.00 limit and just try to put a bit of imagination into the crap we buy each other.

i buy all my gifts after xmas and have money put away, i have all birthdays and xmas sorted, except for 1 birthday, because i did this in the sales and look our for bargins during teh eyar it only cost me £200, this includes my kids

me and my oh don't buy each other gifts, we will maybe go for a meal in august as it's our wedding aniversary and my birthday 6 days later

Simon11

It may seem easier only having to worry about paying one loan off with one payment. However this payment for the loan will be higher than what you are paying now as some of your loans are at 0%

You should focus on the loans with the higher %, to give yourself a better chance to pay it off as soon as possible!

Good Luck!!