My State of Affairs

art_student

Hi angel31572,
on the subject of credit cards - do you pay for PPI? If so, check out Martin's article about PPI and see you are able to cancel it with your credit card company. Also, have you tried ringing your credit card company and asking them to look at lowering your interest rate? I say this because my husband has a card with MBNA and the other day he rang them and they cancelled his PPI which was costing £100 per month and then agreed to lower his interest rate from 24.9% to 18.9%. It's worth a try!

angel31572

art_student wrote: »

Hi angel31572,
on the subject of credit cards - do you pay for PPI? If so, check out Martin's article about PPI and see you are able to cancel it with your credit card company. Also, have you tried ringing your credit card company and asking them to look at lowering your interest rate? I say this because my husband has a card with MBNA and the other day he rang them and they cancelled his PPI which was costing £100 per month and then agreed to lower his interest rate from 24.9% to 18.9%. It's worth a try!

Thanks for that!
I am so naive. I didn't think you could ask for anything like that. I suppose, if you don't ask, you don't get...

art_student

No, I didn't until I read Martin's article. I suppose it's always worth asking - worst that can happen is that the situation will remain the same. It has also worked for me with bank charges.

angel31572

art_student wrote: »

No, I didn't until I read Martin's article. I suppose it's always worth asking - worst that can happen is that the situation will remain the same. It has also worked for me with bank charges.

That is definitely on my 'to do' list.

I sent my bank charges letter yesterday.

Crown

Hi Angel, the reason I mentioned the £750 debt is you have listed it at exactly the same interest rate as the card with the higher balance and as you say there is much more a psychological reward if you have early wins it actually motivates you to go on. I tried myself to tackle my big debts 1st but failed originally as I wanted to do to much too soon. Set yourself goals and you will get there.

angel31572

Crown wrote: »

Hi Angel, the reason I mentioned the £750 debt is you have listed it at exactly the same interest rate as the card with the higher balance and as you say there is much more a psychological reward if you have early wins it actually motivates you to go on. I tried myself to tackle my big debts 1st but failed originally as I wanted to do to much too soon. Set yourself goals and you will get there.[/

Okay..think this is the way I'm going to go....

chevalier

Good luck with tackling this. Sometimes it gets so stressful, that what seems like the easy answer can get pounced on without real thought. And by the time we calm down to look at the problem rationally it is too late. so I am glad you are thinking this through.

Good luck with those phone calls tomorrow
chev

angel31572

chevalier wrote: »

Good luck with tackling this. Sometimes it gets so stressful, that what seems like the easy answer can get pounced on without real thought. And by the time we calm down to look at the problem rationally it is too late. so I am glad you are thinking this through.

Good luck with those phone calls tomorrow
chev

Your help is appreciated so much.

omg_3

Hi Angel,

If you are looking for a "Get out of goal card" , forgit it.

For my 2peneth worth, and it's hard!

1) Stop spending on cards

2) Reduce your outgoings

3) Get a job for your son

4) Reduce your apr's

5) Admit you have a problem with money

6) Become a MSE DFWB and be proud of it!

This is the best advice I could give, Been there, I want to be debt free as well!

angel31572

omg wrote: »

Hi Angel,

If you are looking for a "Get out of goal card" , forgit it.

For my 2peneth worth, and it's hard!

1) Stop spending on cards

2) Reduce your outgoings

3) Get a job for your son

4) Reduce your apr's

5) Admit you have a problem with money

6) Become a MSE DFWB and be proud of it!

This is the best advice I could give, Been there, I want to be debt free as well!

Don't have a problem with that apart from the bit about my son. Why would I 'get a job' for my son? Don't people get their own jobs? He is studying for 5 A levels and sits exams in less than 2 months. He has more than enough to deal with at the moment. This is my problem, not his.