Help needed in my concerted effort to get debt free!

Dumbledore55

Two letters from Ulster Bank this morning. First saying they are considering my application for a CC and will be in touch shortly. They second had a pin number in it!!

Yay, can only assume I've been approved and now waiting to find out the credit limit.

Any limit at all is good news but hopefully it will be at least £5K.

Thanks for your kind words and encouragement Emmzi. Don't think my airmiles will get me anywhere exotic but it may pay for a day out for me and my son during a school holiday.

Dumbledore55

Boo - only got £2500 limit and only allowed to BT £2000. I know I should be grateful for any amount that's at 0% but I needed a bit more really. Now I've got to come up with a plan B.

1. Do I apply for a 0% and pay a transfer fee (Morgan Stanley Buy and Fly)?
0r
2. Do I try for a 3.9% 'life of balance like M&S?

lotte123

Wow Dumbledore. I am a newbie on the site and have just come across your thread. Has been a real inspiration to me reading through all of your ups and downs in the last 2 years. Good luck with your goals - I have no doubt that you are going to achieve them and more. I look forward to your post telling us all that you have made it!

JoKay_2

Have just found your threat DD, and am v impressed with the determination you've shown over the last 2 years, and how you've adapted to deal with the ups and downs along the way.

You're an inspiration!!! :beer:

gallygirl

Dumbledore55 wrote:

Boo - only got £2500 limit and only allowed to BT £2000. I know I should be grateful for any amount that's at 0% but I needed a bit more really. Now I've got to come up with a plan B.

1. Do I apply for a 0% and pay a transfer fee (Morgan Stanley Buy and Fly)?
0r
2. Do I try for a 3.9% 'lofe of balance like M&S?

TBH I'd be inclined to go for a LOB. 0%'s are becoming rarer, too many searches causes problems, the BT amounts seem to be getting lower and it costs every time you have to move. I'd focus on the fact that 3.9% is a h*ll of a lot lower than 16.9%, transfer over as much as I could and then you can stop stressing over next 0% end date.

You're making superb progress, well done!!!!!:T :T :T :T

Dumbledore55

March Update

CREDIT CARDS

Great Ormond St Hosp-£4330-£87 p/month – 0% until 23rd March 07 – 12.9% after

Post Office - £5400 - £139 per month – 0% until 27th April 07 – 12% after

Ulster Bank - £2000 - £60 per month – 0% until 13th August 07 – 18.4% after

TOTAL £11,730 (47.87% of total debt paid)

(Estimated Interest until debt paid off - £539.72, actual interest paid so far - £0)

Debt Free Date – April 2008

Emergencies/Sales Fund …………………….£280.80
Boots Vouchers (Cashback sites)……….£82
Argos Vouchers (Cashback sites)….……£5
Tesco Vouchers……………………………......£66
Nectar Points ……………………………....……9944
Tesco Points………………………………..…....23
Airmiles………………………………………........1027

Dumbledore55

Fantastic - this mornings post has just arrived and I've managed to get a Morgan Stanley CC - 0% for 9 months but with a 2% BT fee per BT capped at £50 per transfer.

It's going to cost me £100 to transfer but will save me about £400 in the end so well worth it.

I'm going to do my best not to need another BT card - it will mean trying to pay off all my credit cards by 21st December 2007 - but seeing as though that's my birthday, it will be a great birthday present to myself.

GOSH card will now be paid off this month after transferring part of it to Morgan Stanley and sent back, transferring the majority of the Post Office card to Morgan Stanley - just need to cut back a bit more and I WILL be credit card debt free by my birthday!!

Dumbledore55

Just spent an hour researching my car insurance renewal costs. Managed to save £50.99 by buying from Simple Cover through Quidco!

Dumbledore55

Damn! - searched around for cheapest car insurance - great! except had to use all my savings to pay for it...what happens then? I get a fault with my water boiler and it's cost me £107 to get it repaired. Going to have to cut back to cover the costs of that or have another sort out and sell some stuff on E-Bay,. Doesn't something always trip you up just when you think things are going to plan?

Dumbledore55

April Update

CREDIT CARDS

Great Ormond St Hosp- paid off and sent back

Post Office - £1850 - £37 per month – 0% until 27th April 07 – 12% after

Ulster Bank - £1940 - £58 per month – 0% until 13th August 07 – 18.4% after

Morgan Stanley - £6860.00 - £138 per month – 0% until 21st Dec 07 – 16.9% after

TOTAL £10,650 (52.7% of total debt paid)

(Estimated Interest until debt paid off - £128.47, actual interest paid so far - £0, BT Fees £100)

Debt Free Date – April 2008

Emergencies/Sales Fund …………………….£70.20 (£172 spent on car insurance)
Boots Vouchers (Cashback sites)……….£87
Argos Vouchers (Cashback sites)……….£5
Tesco Vouchers……………………………......£66
Nectar Points ………………………………...…10037
Tesco Points………………………………….....1553
Airmiles………………………………………........1110