best way to juggle my low financies and high debt

CLAPTON

Your SOA shows a surplus of 156 per month.
Obviously this isn't correct, so your first step is to find out exactly where that money is going.
Are all the yearly type costs included ... do you really not spend on an MOT or servicing, really buy no presents at birthdays and xmas, really never go away or ever ever go out?
Start keeping a spending diary and write down absolutely everything you spend.

With assets of 60k you can't consider going bankrupt.

So your options are
-just keep on as you are and after 5 years the Tesco loan is finished
-take the option of 25k from Tesco (I'm amazed they offered that) and pay off Halifax and Cap one cards.
-remortgage
-talk to your partner about these and see if they can help a little.

G1zm0

the amount i will have free to take from tesco is 6k, so can pay that to a card and transfer the other 5k to the virgin card and pay it at the low rate.

i just do oil and filter change when required ,and pay what it costs what for mot, so just need find the cash when that comes around .

holday i just stay at home .and presents, i just buy wife , abt 30 quid and clothes every 3 months abt 20 quid tesco stuff, i dont drink or smoke and dont go out, and i work all hrs to get cash, i do securuty thats why my cash changes


tesco will give me a loan or 25k over 10 year at 306 pm, so that gives me a payment holiday of 2 months where i can pay the 786 i save to the other balance .
so transfer the rest of cash to virgin and pay 80pm .

and should take my finances down to 719 pm andthats with the bills, and with paying he 782 should bring it down further , and if i sell my bike that will take another 1.5k of it.

i wanted a solution that didnt run for ten years.

for 25k over 10 yers with payment break is 306.61, without break is 302.08 total payable at 8.2% is £36250 so 11 k interest
for over 8 years with break is 359.09 and without is 354.16 total at 8.4% £33999 so 9k interest
over 7 years w/b is 395.92 and without is 389.49 thats 8.3% total payable £32717 interest is 7,717
over 6 years is w/b 445.50 and without 439.09 apr 8.4% itotal payable is £31614 interest is 6,614
over 5 years w/b 515.26 without is 506.87 apr is 8.3% total payable is £30412 interest is 5,412

as you can see it varies , and ive still the other 5k to fit on to that on the virgin card


cant remortgage, wife wont allow it , says its my debt she never used any of it .
so has to be monthly payments, unsecured loan, is there anyware that does 30k unsecured loans??

other option i can see is , takethe tesco loan over 10 years, and the virgin card transfer, wait tll a year and im back on my feet and better fiances, within that time pay extra to the virgin card then if i can afford to pay tesco more cash per month , try and reduce the years from 9 to 5 or 4, just a thought