advice on where to start and what to do please

zipwen1

hi im in the middle of buying a new flat and with my new mortgage going to be £750 a month i got a bit scared about our debts. we have:

egg card £1100 16.9% we pay £80pm

virgin card £4430 15.9% £3000 0% til june we pay £100-£200pm

halifax card £3140 0% til july we pay £100p[/CENTER]m

halifax loan which is for £1200 5yr it finishes in 2010 we pay £296.44 dont know interest rate think it is around 7 or 8%

were moving to a new area so i dont know how long it will take me to find a new job so we only have my partners wage to work from.

he earns 2400 before tax basic a month
our outgoings will be:
mortgage £750
council tax £85
service charge £80
mobiles £60
tv/landline/internet £60-£80
gas £25
electric £25
sofa £100

we also have a car but my partner now has a company car so we will be selling it but until we do the insurance is £50pm

my partner can earn an extra £600 per month for working 2 weekends which he has said he will be doing to help clear our debts.

i would like to know if it would be a good or bad idea to increase the loan to pay the credit cards off or keep things as they are, and roughly how much the new payment for the loan would be if we did.

any advice will be greatly apreciated

tryhard_2

hi
the loan amount does not add up correctly. can you check the figures?

oscar52

tryhard wrote:

hi
the loan amount does not add up correctly. can you check the figures?

educated guess, but £12000 as a pose to £1200

zipwen1

all the paper work says is our repatment figure and how long the term, it dosent have any info on interest and to be honest im not sure if the amount we borrowed was 12000 it could have been a few grand more ive checked the account online and it is 11000 at the mo

zipwen1

yeah soz missed a nought off