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Advice Should I consolidate Debt before I'm redundant?
PottoBrokko
Posts: 8 Forumite
Real big threat I will loose my job in First week in January
I have the following debt
Overdraft -1550 paying 20 a month interest
C Card 2000 Barclays O% ends dec paying 50 a month
Loan Clydesdale 3400 6.2% Apr paying 123 a month
HMRC overpayment 500 paying 30 a month
Total Debt 7450
I've been approved on a Nationwide 7500 loan over 5 years at 6.2Apr paying 145 a month.........
I have 11 years service with my company I estimate I'll receive around 7k in redundancy payments, Im single have a mortgage and all other associated bills
By consolidating debt and cancelling a few things I'll save 90 a month
What would you do in my situation?
Stressed out!!
I have the following debt
Overdraft -1550 paying 20 a month interest
C Card 2000 Barclays O% ends dec paying 50 a month
Loan Clydesdale 3400 6.2% Apr paying 123 a month
HMRC overpayment 500 paying 30 a month
Total Debt 7450
I've been approved on a Nationwide 7500 loan over 5 years at 6.2Apr paying 145 a month.........
I have 11 years service with my company I estimate I'll receive around 7k in redundancy payments, Im single have a mortgage and all other associated bills
By consolidating debt and cancelling a few things I'll save 90 a month
What would you do in my situation?
Stressed out!!
0
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