Some Advice please

Willsnarf1983

Basically my debts are as below due to university and an easy life lol.

£5,500 student debt
£4800(£6000 total payable over five years at £102 a month)
£2000 overdraft with Lloyds(on july any money over £1500 gets interest)
£1400 on Barclaycard-this is now only £117 due to me furiously paying it off

m income is £18000 before tax about 1050 after tax and i pay of the loan amount and then the barclay card which on the 28th will be 0 thankfully.

Basically do i pay more of my loan of or start paying my overdraft of bearing in mind the first £1500 is interest free for a year then it goes to £1000 and then £500. i know that i pay more paying my overdraft of before my loan but i hate having it on the card. The loan is seen as a pre-agreed agreement that i know will take 5 years to pay of and effectivly i am paying 20% extra than what i borrowed.

Also i am not bothered bout my student loan the interest is so low that its ptless paying it off.

Any super ideas much appreciated.

Thanks

willsnarf

Magentasue

Go to https://www.whatsthecost.com and go to snowballing. You put in all your debts, the interest rates and how much you can pay each month. It then works out a repayment schedule for you.

HTH