Girlfriends finances

deftonepea

Hi people.

I'm just wanting some advice and possibly help regarding my better halves financially situation.

At present she is having to live the super scrimping lifestyle and was wondering if there was anyway she could make things a little easier by organising her finances better.

Her current state of affairs are:

2500k on a Lloyd's Bank Credit Card
7800k on a Barclay's Platinum Visa Credit Card
6500k on a Lloyd's bank loan
and her mortgage is a 2-year fixed rate mortgage that she put down 15% deposit on.

She doesn't miss any payment and the majority of the debt she currently has is from when she bought her property and refurbished it.

Any help gladly received.

short_bird

I'm sure someone will ask:
What's the APR on the credit cards
are there any penalties for early repayment on the loan and
how long is left on the fixed rate mortgage?

deftonepea

short_bird wrote: »

I'm sure someone will ask:
What's the APR on the credit cards
are there any penalties for early repayment on the loan and
how long is left on the fixed rate mortgage?

Hi I've but this on the "Credit Card forum" as its more relevant there. Thanks

xAngelx_2

Is she incurring interest on her cards? If so, I would recommend switching to one that offers 0% for an introductory period, at least to help her chip away at some of the debt.

I had a Tesco credit card and that gave me a credit limit of £2,000 to start with on a minimal income, so I would recommend that, as it's interest free for 16 months which should give her a little bit of breathing space on at least a portion of her debt.