Eeek Eek Eek

Supervixen

Don't forget to consider the reasons why you got into debt in the first place. Sometimes (and I'm not suggesting this is the case with you!) when consolidating people don't address the cause of why they've had to consolidate and that can often be the reason why the debt continues to spirral, often out of control.

I know, I have to look at that. I know my flash points - boredom (having to wait ages for the bus home from the station, and popping into Tesco next door to get out of the rain...oooh, just pick up a magazine and and some food we don't need)

Clothes - not particularly expensive but I hate not having any decent stuff. I'm restricted due to the fact I'm fat as well!

Beauty stuff - although I'm redressing that by getting freebies through the website...

Books...sucker for books.

It's all about making myself feel better - life feels a bit pants sometimes.

Dolly_Smith

sorry, I was referring to you getting out a £14k loan to consolidate all the other debt. You are likely to pay a relatively high interest rate so need to check the full amount repayable (at the end of the five years). If it's more than £5k extra you haven't really saved £100pm at all (if you see what I mean, I'm not at my most articulate today!)

check out the interest payable on the snowball calculator - at the bottom it says something like 'if you consolidated your debt you'd pay the equivalent £xxxx interest' and then compare it to the amount you'd pay if you left it all as it is

I may be wrong, I was just making an assumption about the amount you may have to pay on such a large loan

quantumleap

Seems you are well on the way to addressing those issues, well done. I can appreciate it is difficult changing habits particularly when they make you feel so damn good! If you don't have the cards then you won't be tempted.

Dump the cards immediately!!!

Supervixen

I should be able to get it at 6.6% I think. According to the website if I go for 9.5K to cover what's left after (hopefully) we sell the house, I can get that at 6.6% over 60 months at £185 per month. All my minimums add up to £268 at the moment :-(

I can see why you'd make that assumption, but 6.6% is an attractive rate...

Supervixen

Oooh and the interest I'd pay over 5 years is £1628.26, which is £27.13 a month, a hell of a lot less than I'm paying now.

But you're totally right in that I do need 110% to sort out my *issues* and stop burying my head in the sand or I'll be here again in two years time...