Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 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!
Refinancing - I can feel myself Spiralling and Need Help!
Hiya all,
I can feel my debt spiralling out of control and need some advice asap.
I was thinking of refinancing under 1 loan over an extended period to reduce costs, but i tried 1 loan application with Tesco's and this was declined within seconds
I have the following and would love to hear some advice on what is my best option/s.
Loan £4,161.31 (Early Settlement figure) 27 months left £168.42 a month
Credit Card 1 - Santander £2,700.00 (0% till August 2012 - hence the investigation now)
Credit Card 2 - Barclay Card £1,500.00 (Current card, which i keep using when short and hence the feeling of spiralling out of control)
I have basically thought i can afford my loan and have done for 5 yrs now! Its the credit cards i need to sort and thought my best bet would be a loan to cover them all and cut up my credit cards once and for all. My first application has failed and i dont want to affect my credit rating further by appliying for others until i know what the hell to do. Please help!
I can feel my debt spiralling out of control and need some advice asap.
I was thinking of refinancing under 1 loan over an extended period to reduce costs, but i tried 1 loan application with Tesco's and this was declined within seconds
I have the following and would love to hear some advice on what is my best option/s.
Loan £4,161.31 (Early Settlement figure) 27 months left £168.42 a month
Credit Card 1 - Santander £2,700.00 (0% till August 2012 - hence the investigation now)
Credit Card 2 - Barclay Card £1,500.00 (Current card, which i keep using when short and hence the feeling of spiralling out of control)
I have basically thought i can afford my loan and have done for 5 yrs now! Its the credit cards i need to sort and thought my best bet would be a loan to cover them all and cut up my credit cards once and for all. My first application has failed and i dont want to affect my credit rating further by appliying for others until i know what the hell to do. Please help!
0
Comments
-
So you owe just over of £8.1k.
Whats your salary ?
I tihnk the debt free board is best, do a statement of affairs and post it on there.0 -
Hiya,Thxs.
My salary is £19,650.00 and i take home £1,310.00 a month after tax.
Statement of Affairs?0 -
Hiya,Thxs.
My salary is £19,650.00 and i take home £1,310.00 a month after tax.
Statement of Affairs?
with debts of 8K and an income of only 19k you are unlikley to get a loan
your potential lender will add your loan application to the existing 8k and compare it to your salary as there is no guarentee that you will use the money to pay off the other debt
an soa is a detailed budget
see here
http://www.makesenseofcards.com/soacalc.htmlEU tariff on agricultual product 12.2%
some dairy products 42.1% cloths 11.4%
EU Clinical Trials Directive stops medical advances0 -
Thxs, i have reposted on to the debt free wannabe forum and posted my SOA. Much Appreciated0
-
Surely with a good wage you should be able to clear the debts, its not a hughe amount of debt you have.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 255K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179K Life & Family
- 263.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards