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Panicing about payments
dreamer1989
Posts: 26 Forumite
Please move this post if it isnt in right place.
I am in a real state of panic. I dont know who to ask or turn to. Basically I bought a bed for my new house a year ago, hoping that I would have been able to pay it off. From next month I owe £70 per month until I have paid off £1382.
I will really struggle to meet this payment. I need advice- do i move this debt onto my platinum barclays credit card- currently owe 1080 on it?
I am cutting back on ALOT of things, trying to keep my head above water.
Please can someone tell me if moving it onto credit card is viable?
I am in a real state of panic. I dont know who to ask or turn to. Basically I bought a bed for my new house a year ago, hoping that I would have been able to pay it off. From next month I owe £70 per month until I have paid off £1382.
I will really struggle to meet this payment. I need advice- do i move this debt onto my platinum barclays credit card- currently owe 1080 on it?
I am cutting back on ALOT of things, trying to keep my head above water.
Please can someone tell me if moving it onto credit card is viable?
Tesco Credit Card - £946.47 as of 03/01/2014
0
Comments
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You could buy whatever you need like food on the card and use cash to pay bed off.
What kind of agreement is it? Paid by DD?:beer:0 -
Yeah its by dd, starting 28th October. It was on a years interest free. I thought (naively) i would have had a better paid job by now. I bring home 15,303 before taxTesco Credit Card - £946.47 as of 03/01/20140
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What is the interest rate on the card and what is the interest rate on the bed?If you've have not made a mistake, you've made nothing0
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I will sound really stupid, but how do i find this out? Im in such a panic i honestly dont know the interest rate
sorry Tesco Credit Card - £946.47 as of 03/01/20140 -
Does it say APR anywhere on your card statement? Anywhere on the contract you signed for the bed?If you've have not made a mistake, you've made nothing0
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On the card my apr is 16.9%Tesco Credit Card - £946.47 as of 03/01/20140
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dreamer1989 wrote: »On the card my apr is 16.9%
Good.
You need to find the APR on the bed - ask them if you cannot find the documents.If you've have not made a mistake, you've made nothing0 -
Okay, the bed apr is 29.9% on a 3 year dealTesco Credit Card - £946.47 as of 03/01/20140
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It will cost you less on the credit card (providing you pay it off within the same time frame) but it would make better sense to try to get another card with a 0% deal to put it on and then cut the other one up.
Could you apply for one now (with the longest interest free period) while you still haven't defaulted?Make £25 a day in April £0/£750 (March £584, February £602, January £883.66)
December £361.54, November £322.28, October £288.52, September £374.30, August £223.95, July £71.45, June £251.22, May£119.33, April £236.24, March £106.74, Feb £40.99, Jan £98.54) Total for 2017 - £2,495.100 -
How do i know whats the best credit card to go with? Plus does 0% mean there is no interest on the card- IE unless i use the card to pay for something, the amount doesn't increase?
Thank you-Ifeel so stupidTesco Credit Card - £946.47 as of 03/01/20140
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