Which direction to attack the debt? Advice please :)

earthmother

Tried for a better card rate few months ago - but I think we've hit our limit on credit as two different companies refused

Even capital one themselves won't just transfer our rate - we'd have to pay this one off then apply for a different one according to them.

msmicawber

I guess there's nothing for it then but to pay as much as possible on the Capital One card until it's clear, then move on to the next highest.

Is there anything you could sell on Ebay, car boots or whatever to raise a bit of money?

earthmother

I did just take advantage of the last cheap listing day on eBay - made enough to cover the new school uniform and have a few bits relisted at the moment, so may get a little more, but there's not that much excess around worth selling - most things of value went when we were dealing with the big debt a few years back.


Other than that it's just a matter of plugging away. As I said originally, this was more of a 'which angle' thread than a 'how to' - although it does help to get another view on these things anyway

msmicawber

I wish you the best of luck - it's just a long, boring old slog, I know. Why not check the Tesco web site and see if they're still giving £25 clothes vouchers just for signing up to their newsletter.

earthmother

*ducks for cover - not really a 'know-it-all' * Already done that - twice, lol

msmicawber

I just knew you were going to say that!!

:rotfl: :rotfl: :rotfl:

earthmother

Just a quick update

We've done some calculations, and we've worked out that if we can just commit an extra £10 a month right now to one debt, and then keep carrying over what we were sending them to the next as it's paid, and so on, then (providing we don't add to the balances) we will be able to clear everything by September 2008 with the kids paid back by the Christmas).

That's so much better than March 2011 as it stands now.

Wish us luck

lavidaloca

Why don't you use the local library for books you can always order any they don't have costs 35p at mine. They also have special projects for children which might be useful.

earthmother

We do use the library quite a bit - in there most weeks - thanks

msmicawber

Great news, Earthmother. I certainly hope all goes to plan.