More persistent debt

Dandytf

Malkytheheed said:

[Deleted User] said:

As per the normal advice given to you;

Stop applying for more credit and clear your existing debts first

Anyone know who poster this was? Very curious

?

Dandytf

Thankfully concerns answered.
48 month plan on track to finish mid 2022 with current 95 pounds direct debit.
Though online states future purchases are chargeable at double interest -seems future purchases are charged separate from plan so existing apr and that apr again on future purchases which I shouldn't require.
I asked because of this online entry-
"Your PayDown Plan instalment amount plus 2 x interest & fees on any future spend."

Only very slight unanswered question as too why online shows number of payment plans 2 with identical info -though could have been this months statement  and next month August when officials plan begins.

MinuteNoodles

So how much extra interest have you paid trying to maintain a fictitious credit score that no lender uses over paying off some or all of that debt with savings you had or mortgage overpayments you made?

Dandytf

MinuteNoodles said:

So how much extra interest have you paid trying to maintain a fictitious credit score that no lender uses over paying off some or all of that debt with savings you had or mortgage overpayments you made?

MinuteNoodles said:

So how much extra interest have you paid trying to maintain a fictitious credit score that no lender uses over paying off some or all of that debt with savings you had or mortgage overpayments you made?

Lots of interest, trying to maintain a path to recovery.
I did use high 900 pounds combating 'New Rules' though didn't use another few hundred on this particular card.
unsecured debt continues to lower, mortgage overpayments continue though only +42 pounds per month.
Savings continue, quite re assuring I have some short term savings to access if required.
also monthly 50 pounds per month investments recently started with plan to continue over mortgage term 14-15 years.
Seems a balanced approach, no concerns of any credit Score which I find useful to witness increases from repaying  debts.
Only concern now, is seriously lowered 'Debt Income Ratio'
Though that can only improve by repaying cards/car which will be a few years yet.
thanks

SnowTiger

Dandytf said:
Only concern now, is seriously lowered 'Debt Income Ratio'

Isn't that a good thing?

Dandytf

SnowTiger said:

Dandytf said:
Only concern now, is seriously lowered 'Debt Income Ratio'

Isn't that a good thing?

Only until Car is cleared, though with Natwides Mortgage Calculator, temptation is rising from late 2021.
thanks