Adviice grateful appreciated....

OMG!_2

know where you are financially every day, keep reconciled balance. - I do this, excel spreadsheet, every penny that goes in and out is marked off, at end of month what ever is left is being paid of card 1. I have been making this effort for last 3 months and cleared extra £340 on top of the set payment of £150

stop spending - I have, no non essentials, basic phone, no tablet, no alcohol. Nothing extra been added to the card for 4 months now,

come clean with husband - See separate note below, its a working progress

sort out OD its crippling you, so get £4100 into your bank asap - so would I be better off paying minimum on all the cards and keeping the extra cash in the account? This would take 3 years and the credit card debt would be a lot worse during this period?

Card 1 payed off Dec 2019
Card2 Oct 2022

Card 3- you have not identified 0% period and interest post this , so you may have calculated this incorrectly ? - This on 4.8% not 0% fixed for life of balance so be paid in 6 years 6 months, although if plan works rest will clear so be able to chuck extra at this then.

Card 4- you need to pay this off with £485 pm for the 11 remaining months of 0%, otherwise you will roll this debt onto high interest charges, check T&C as may charge you with interest on original transfer value? - Can't afford to pay it off before that so going to have, its 18.9% APR plus 22% annual fee after the deal ends, minimum payment works out around £160 mark. T+C's make no mentions of interest from the start so I hope not.

Card 5 - after the 11 months on card4, start paying £29pm for the remaining 29 months of the total 40 months interest free. - £950 on this card on 40 months interest free will be cleared in 38 on minimum payment

You have to come clean as the above seems a high risk strategy. - see separate note

enjoyyourshoes

Speak to his Mum and see if the mortgage overpayment can be redirected to the OD.

The other suggestion (as you are OK with Excel) do a cash flow over the whole 7 years (with ability to change variables-interest rates on some of the C, monthly payments and OD charges) this may give you options on what to do when with the available cash you have to throw at the debts.

As none of us have true visibility, we make general comments that may get someone to look differently at their position.

As above have mentioned, both incurred debts, two heads better than one and importantly two incomes are better than 1 !!

EssexHebridean

OK - some lateral thinking needed here - I understand your reasons for not telling him the full extent currently.

You say he knows about some of it - so can you use that as a way forwards?

first thing is to put together your SOA (Statement of Affairs) so you can be confident that you have a workable budget going forwards. You need to stop using credit completely - as otherwise you're just robbing Peter to pay Paul. Make the SOA accurate to where you are at now - it's of no use if it doesn;t reflect that- and then post it in here so we can see if there is anything you've missed or anywhere that savings might be made.

the mortgage OP's - I agree that at the moment that money can be better off so can you explain to OH using the debt he knows about that the interest rate is so much higher than the mortgage it would make more sense to divert the OP's to there? If that then frees up more money for you to sort the overdraft then fabulous.

Consider any route by which you can earn anything extra too - even £20 a month on surveys will help to make a start on dealing with that overdraft.

Monitor the situation with your OH too - as soon as you can without it being a risk to him you need to go through things with him. Try to put yourself in his position should anything happen to you - it would be traumatic enough for him to deal with that without discovering on top that there is X amount of debt that he knew nothing about.

Good luck in sorting things.