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What shall I do??
golden_girl
Posts: 103 Forumite
in Loans
Hi
I am not sure what to do??
I currently have a Barclayloan (with protection) took out in July 2005.
I have phoned them today and was given the following information:
Loan to finish in July 2012, £235.89 Monthly Payments (includes Protection)
If repaid today would be £13,477.13.
If I carried on with Barclays I have worked it out as 71 months left to pay @ £235.89 which is £16748.19
I have looked on Nationwide to get a quote for £13500 over 6 years without protection:
Monthly amount £225.14 Total Payable £16210.08.
A standalone policy with Paymentcare is £12.38 Monthly.
I like to have the option of overpaying as Nationwide offers. They allow upto £100.00 a month.
I also have a cc debt with barclaycard which is 6.9% for the life of the transfer. Amount owing £1935.00
I am not sure whether to change the loan or clear the debt off the credit card first.
Also my mortgage fixed rate ends in December??
Any suggestions are much appreciated.
I am not sure what to do??
I currently have a Barclayloan (with protection) took out in July 2005.
I have phoned them today and was given the following information:
Loan to finish in July 2012, £235.89 Monthly Payments (includes Protection)
If repaid today would be £13,477.13.
If I carried on with Barclays I have worked it out as 71 months left to pay @ £235.89 which is £16748.19
I have looked on Nationwide to get a quote for £13500 over 6 years without protection:
Monthly amount £225.14 Total Payable £16210.08.
A standalone policy with Paymentcare is £12.38 Monthly.
I like to have the option of overpaying as Nationwide offers. They allow upto £100.00 a month.
I also have a cc debt with barclaycard which is 6.9% for the life of the transfer. Amount owing £1935.00
I am not sure whether to change the loan or clear the debt off the credit card first.
Also my mortgage fixed rate ends in December??
Any suggestions are much appreciated.
Lightbulb Moment - January 2008 
Loan £11,000 @ 7.050%/Virgin 0.00% -£2282.32/Egg 0.00% -£1992.59/M&S 3.9% -£1895.48/Barclaycard-£978.49
Joined Quidco 17.02.08;)
Overdraft paid off today 15.02.08:j
Loan £11,000 @ 7.050%/Virgin 0.00% -£2282.32/Egg 0.00% -£1992.59/M&S 3.9% -£1895.48/Barclaycard-£978.49
Joined Quidco 17.02.08;)
Overdraft paid off today 15.02.08:j
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