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NuffDebt
Posts: 6 Forumite
I have 2 credit cards, a loan, an overdraft and a reserve account on my mortgage. I have managed to get one credit card down to £0 and the other one is at £380 and the loan is now, after 8 years, down to £30 (negociated them down from £40!!!) I have a £1300 overdraft with NW which should be at 0% for another 8 months or so, although I am slightly worried as I have gone over my overdraft briefly on occassions in the last couple of months and the charges don't seem to be coming. My biggest worry is my mortgage reserve which is at £7500. In summary,
£0 AX
£380 BC
£1300 NW
£7500 WRA
My thinking is that I will put half off the mortgage reserve account (6%) onto a 0% credit card cash transfer for as long as I can get it. In two years this is how I want the situation to be:
£0 AX
£0 BC - Closed
£0 NW Overdraft
£3500 - WRA
:beer:
£0 AX
£380 BC
£1300 NW
£7500 WRA
My thinking is that I will put half off the mortgage reserve account (6%) onto a 0% credit card cash transfer for as long as I can get it. In two years this is how I want the situation to be:
£0 AX
£0 BC - Closed
£0 NW Overdraft
£3500 - WRA
:beer:
0
Comments
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Oh and my mortgage is at £88000!!0
-
Hi Nuffdebt
Just wanted to bumps your thread, but wasn't sure quite what you were asking?
Also what is your amount to spend on debt busting ?Debt -it's a fight that I'm winning, dealing with debt one day at a time.
Estimated DFD August 2018 - 2031 - now 2027 :T
Guide dog Tess, missing Scotland 2 years
DMP support no438.0
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