Almost killed my debt. Please help it die

Sandyman_2

It's great to be back here after all this time and see what I had written here last year. I didn't consolidate in the end, I took out a 125% mortgage and used that to sort out a large portion of my debt.

Apart from my mortgage which is doing well and my house which is (at the moment) going up in value I have the following left over.

Car Loan - 2277 - 8.9% apr 243 a month DD
Loan Company - 5262 8.9% apr 205 a month DD
Laser Eye surgery payment - 1435 0% apr 119 a month
Private loan - 500 - Will pay off next month

My out goings are as above plus a mortgage of 810 a month.

My income is 2400 a month, plus 470 rent.

Any ideas how I can better manage these finances? The reality is that I have a busy lifestyle in London and that I easily spend my £1000 wages each month. Any wonder solutions to kicking this last bit of debt into touch?

Kevicho

Sandyman wrote: »

I easily spend my £1000 wages each month. Any wonder solutions to kicking this last bit of debt into touch?

How much effort have you put into not spending this?

Do you take packed lunches/meal plan, do you look for cheap or free entertainment?

Also are you on all the cheapest bills?

All this info will help us help you kick this last bit of debt.

Good luck

Me_Myself_2

Just one thing - Taking 125% mortgage to cover you debts IS consolidating.

As you are spending beyond your means, maybe if you put your SOA up we can see where you can cut back.

Good luck

MM

fiveyearplan

Now your unsecured debt is nice and secure. I've done this and sorely wished I hadn't.