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Aqua auto set Booster payments

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Comments

  • Dandytf
    Dandytf Posts: 5,073 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Called aqua CS today.
    Their advisor re iterated that I've opted out of additional payments as per permanent debt rules.
    No action will be taken in 9 months.
    Reminded that on time payments are important .
    I stated that I continue to plan to make considerable re payment upto 75% Early 2020.
    Maybe my non mse tactics are achievable.
    If this is not the case then maybe reduced limit could help next year.
    Replenished CRA Reports.2020 Nissan Leaf 128-149 miles top charge. Savings depleted. VM Stream tv M250 Volted to M350 then M500 since returned to 1gb
  • Terry_Towelling
    Terry_Towelling Posts: 2,279 Forumite
    1,000 Posts Second Anniversary Name Dropper
    edited 20 August 2019 at 7:42PM
    To be frank, there is no such thing as an MSE tactic. Neither is there a right or wrong answer, but some solutions are better than others. The ideal solution will be to reduce the net effect of interest charged on the card over the interest/bonus received on the H2S.

    Of course your 'non-MSE' tactics will work because you will still be paying your debt up to early 2020 and then paying a larger amount off in one go. But, you just haven't wanted to grasp the fact that your tactics will see your H2S bonus only go up by £50 by next April (if you take £250 out now) but your Aqua debt will incur around £145 more in interest charges. Your minimum payments will also increase because of the washer-drier you've added on and you may then struggle to service those and also put away £50 per month in your H2S.
  • "MSE Tactics" would be to stop paying into the savings account/s and clear your CC debt.
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