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keep me on the straight and narrow
olivetrees
Posts: 178 Forumite
I randomly got a tax rebate today for £600!!!!! Things like this never happen to me so am very overexcited!:j
Anyway my husband and I are in a ridiculous amount of debt and i really don't know what to do with the cash.
I could offer an F&F for a debt of £1390 (might be accepted)
I could pay off half of my overdraft
I could put it away for a rainy day (although its always pouring over me!!)
Or i could book a week at Centre Parcs which the kids would love!!!! This would be bad, i know but very hard to resist!
Can't decide!
Somebody slap me with a wet fish!!!
Anyway my husband and I are in a ridiculous amount of debt and i really don't know what to do with the cash.
I could offer an F&F for a debt of £1390 (might be accepted)
I could pay off half of my overdraft
I could put it away for a rainy day (although its always pouring over me!!)
Or i could book a week at Centre Parcs which the kids would love!!!! This would be bad, i know but very hard to resist!
Can't decide!
Somebody slap me with a wet fish!!!
LBM 1st Feb 07 Abbey 12900 Cahoot 7000 HSBC 5058.32 Mint 500 Mint 3500 [STRIKE]Friend 1500 [[/STRIKE]STRIKE][STRIKE]Abbey - 540 Barclays 900 [STRIKE]Student loan - 734 cleared 30/06/10[/STRIKE][/STRIKE][STRIKE][strike]HSBC CC - £602.74[/STRIKE] cleared 27/03/07 [strike]Abbey CC - £5055.64[/strike] Cleared 28/8/07 F&F £1770.00 [strike]Black Horse £738.56[/strike] cleared 19/02/07 [strike]MBNA £5104.88[/strike] Cleared 20/08/07 F&F £1605.00
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Comments
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olivetrees wrote: »I could offer an F&F for a debt of £1390 (might be accepted) I think that depends on your credit rating at the moment - if it's currently OK, it might be a bad idea to even try to get away with partial settlement of a debt. If it's currently trashed, go for it.
I could pay off half of my overdraft Is the interest rate on your overdraft more or less than the interest rate on your debt? If you did pay off half your overdraft, would you then be tempted to dip into it again?
I could put it away for a rainy day (although its always pouring over me!!) I'd say to avoid this one, because it would very easily turn into...
Or i could book a week at Centre Parcs which the kids would love!!!! This would be bad, i know but very hard to resist!
Have to type something here; post too short otherwise.0 -
Pay £400 towards your overdraft and use the other £200 towards a family day out
I'm not poor i'm just skint0 -
brilliant advice - thank you both.....not a wet fish in sight!LBM 1st Feb 07 Abbey 12900 Cahoot 7000 HSBC 5058.32 Mint 500 Mint 3500 [STRIKE]Friend 1500 [[/STRIKE]STRIKE][STRIKE]Abbey - 540 Barclays 900 [STRIKE]Student loan - 734 cleared 30/06/10[/STRIKE][/STRIKE][STRIKE][strike]HSBC CC - £602.74[/STRIKE] cleared 27/03/07 [strike]Abbey CC - £5055.64[/strike] Cleared 28/8/07 F&F £1770.00 [strike]Black Horse £738.56[/strike] cleared 19/02/07 [strike]MBNA £5104.88[/strike] Cleared 20/08/07 F&F £1605.000
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