We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
My Situation
okice
Posts: 1 Newbie
Hi,
I'm currently in just over £4000 debt which is debt I build up since 2009 after graduating university and not paying any attention to my finances. My creditors are..
Natwest overdraft - £850
RBS Graduate overdraft - £2000
HSBC Loan - £1300
I'm paying only the interest which is around the 10% mark for the overdrafts and I am paying the loan off at a fixed rate of £30 a month.
I'm currently earning on average £150 per week. My expenses inc cost of living come out to £260 a month.
How long would it take me to pay off my debt. I was hoping to be debt free by the end of 2012, and how much would I have to pay every week towards my debt to do this?
Thanks for any help.
I'm currently in just over £4000 debt which is debt I build up since 2009 after graduating university and not paying any attention to my finances. My creditors are..
Natwest overdraft - £850
RBS Graduate overdraft - £2000
HSBC Loan - £1300
I'm paying only the interest which is around the 10% mark for the overdrafts and I am paying the loan off at a fixed rate of £30 a month.
I'm currently earning on average £150 per week. My expenses inc cost of living come out to £260 a month.
How long would it take me to pay off my debt. I was hoping to be debt free by the end of 2012, and how much would I have to pay every week towards my debt to do this?
Thanks for any help.
0
Comments
-
Go on to this site - http://www.makesenseofcards.com/calcpay.html
You can type all your debt information in, and it will calculate it for you
SAVINGS: £63.86 // £3,0000
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.1K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards