Paying off debt to freedom

Options
1…313233343537»

Comments

  • camz2017
    camz2017 Posts: 347 Forumite
    Options
    Order to be tackled is:
    TESCO (interest free for 30 months but then 27%)
    MBNA as it's only 6.9% for 18 months on half the balance and 24 months on the other half. Then 24.9%
    Loan as it's 18.9% (but it charges me fees to overpay hence paying it later down the line)
    Barclaycard last as it's all on 6.9% for life.
    BC 0/15305.83 MBNA: 0/11231.16 TESCO 0/822.87 LOAN 0/4272.67
  • natsplatnat
    natsplatnat Posts: 3,033 Forumite
    Photogenic First Post Combo Breaker First Anniversary
    Options
    Morning camz,
    YaY to the signature - it's not nice putting your figures down in black and white... but now you can see exactly what you are dealing with (and so can we!)
    How quickly can you pay down the Tesco card? Just thinking that if you can get that clear, you may be able to pick up another 0% balance transfer rate to move some of the MBNA on to.
    There is another way of looking at it though... pay what you need to on the Tesco balance to pay it down over the full 30 months @ 0% (something like £27.43 a month) and then divert extra money to your MBNA.
    I'm sure you have it all under control!! :)


    Hope today is a better day! It's Friday after all!
    start = Wed 19th Nov 2008 £21,225
    end = Mon 28th Sept 2015 DEBT FREE!
    I love a good plan - it may not work.... but I love a good plan!
  • camz2017
    camz2017 Posts: 347 Forumite
    Options
    Just got back from physio and working at home today. I hurt my back a few months back and this is supposed to help... Can't say I rate it.

    Erm really hard to say how quickly I can pay down this TESCO CC as I am likely to be moving soon so there's going to be other things taking a priority. Once I am moved and settled, I plan to pay it off in 3/4 months.

    EDIT: you are right, likely best to focus on the MBNA actually given the timelines. The MIN on tesco is £25 so will keep it at that.
    BC 0/15305.83 MBNA: 0/11231.16 TESCO 0/822.87 LOAN 0/4272.67
  • camz2017
    camz2017 Posts: 347 Forumite
    Options
    So my lovely hairdresser friend has given me blonde highlights and I look too cool for the world now. :D

    Free haircut as well... she was surprisingly very good!
    BC 0/15305.83 MBNA: 0/11231.16 TESCO 0/822.87 LOAN 0/4272.67
  • camz2017
    camz2017 Posts: 347 Forumite
    Options
    Happy Valentines Day everyone. I am working from home, played some simcity with an old friend this AM. Currently laying in bed, doing some work, eating peanut butter out the tub (that's all I've got up to eat all day)!

    A nice single day to myself :D
    BC 0/15305.83 MBNA: 0/11231.16 TESCO 0/822.87 LOAN 0/4272.67
  • natsplatnat
    natsplatnat Posts: 3,033 Forumite
    Photogenic First Post Combo Breaker First Anniversary
    Options
    Well you can't knock a free haircut! :T
    start = Wed 19th Nov 2008 £21,225
    end = Mon 28th Sept 2015 DEBT FREE!
    I love a good plan - it may not work.... but I love a good plan!
  • Scott_Weiland_2
    Scott_Weiland_2 Posts: 799 Forumite
    Options
    Cheap skate lol

    Thanks for messaging me yesterday mate
    Cashback Earnings YTD £46.04 Survey Earnings YTD £182.66
    "Always always train, be the best version of you that you can physically be"
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.3K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.4K Work, Benefits & Business
  • 608.2K Mortgages, Homes & Bills
  • 173.1K Life & Family
  • 248K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards