Cap one -reduce balance over 2 rather than 3 years

Dandytf

Interesting as I've left my cap 1card just above min whilst I try and tackle other cards.
1119 balance -approx 52 per month.
E-mail today with the consistent debt statement -I've been charged more interest when compared to payments .
I had used the tool either this or previous year increased DD to 52 pounds > approx 3 years vastly reduced balance (until I could increase DD again maybe from late 2019 or q1 2020)
Cap1 are basically recommending I increase DD again to 73 pounds approx which I calculated to balance almost re paid in full 1year+9months.
I've another 20 pounds per month to find then if I choose to follow their suggested route.
Thinking I'll maybe get away with +5 or 10 pounds until I can afford +20
Any other mse'rs received this Cap 1 e-mail request

Willing2Learn

I know you don't agree, but I believe they will doing you a favour. You may end up diverting money going to savings to redirect toward paying down your debt quicker (and reducing interest payments).

Dandytf

Willing2Learn wrote: »

I know you don't agree, but I believe they will doing you a favour. You may end up diverting money going to savings to redirect toward paying down your debt quicker (and reducing interest payments).

No concerns, currently finding my way through what's the cost, thought I'de add Tesco Card, though I didn't register or lost my snowball log in.
Going to enter Cap1+Tesco -register and save
Then enter the biggies both Aqua Cards and save
Review both snowballs whilst I understand I prob wont Manage to clear all cards for 2021 though I'll try my best with DD's knowing I can Increase randomly over 2019 and beyond.

Savings are minimum whilst in 2nd help2 save year -I'm continuing to aim for 2 years at least -as long as card providers don't start auto deducting large repayments.

Thanks for your advice -what's the cost it is then

[Deleted User]

You might also want to stop applying for other cards elsewhere until you’ve cleared your backlog as well

Dandytf

!!! wrote: »

You might also want to stop applying for other cards elsewhere until you’ve cleared your backlog as well

My crediting rating isn't great since Feb car purchase so cards have almost stopped being eligible .
Only cap 1 6 moths interest free and one or two other cap1 cards are 100% eligible.
I've avoided applying as if accepted it could be anything from 200 upto 1k limit@6 myths, I can't think if I could benefit from such a card so no plans to apply .

Dandytf

Snowball 1 is as expected
Cap 1 70 per month
Tesco 30 per month
Both cleared 21or22months.

Though I have used Tesco for Tea@work sometimes.
Cap1 very few uses though has been handy at short notice only temporarily.

Going to try the Aqua cards the biggies!

Dandytf

Snowball 2

Aq1 90per month cleared 32months
Aq2 60per month cleared 30 months

This is almost what I'm paying regularly
Help2save -hopefully I get to at least year two and pay one off larger sums to aq1+2
If by some miracle I get to save max 4 years then all could be cleared.
Future holds new challenges, home owner with car working part time.

Think I'll setup snowball one over next night or two
Unless mser's want to play with my repayment numbers and advise their mse way of snowballing.

Thanks