Feeling sick with this amount of debt

piemandan

If you have stopped using the card and you don't want to transfer the balance to another account, just cut the card up and delete it from any online shopping account, then pay off as much of the balance every month.


I did this with all of my credit cards, so the desire to use them at any point was removed from me.


When I need to balance transfer to shift it onto another 0% deal, I phone the CC company a couple of weeks before and tell them I've lost my card.

Teamocil

Do you have savings? I have a load of credit card debt at 0% and I make a point of making sure I keep my savings balanced against it, so if I wake up one day and can't stand the feeling of being in debt any more then I can pay it off. So far that hasn't happened so I'm happily earning a bit of interest on the money.

Exodi

Sorry, is this a wind up? You're on £50,000+ p/a with a mortgage of less than 30% of your take home and on the face of it a disposable income of ~£1,000 per month and you're not sure how you're going to clear an interest free balance of £3,500 in 2 years?

KiKi

Exodi wrote: »

Sorry, is this a wind up? You're on £50,000+ p/a with a mortgage of less than 30% of your take home and on the face of it a disposable income of ~£1,000 per month and you're not sure how you're going to clear an interest free balance of £3,500 in 2 years?

Given the OP's other posts of getting a £475k mortgage 4 years ago and now being nearly mortgage free (and the level of financial savviness he needed to do that), I'm not convinced of this thread, either.