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Hypno's cheaper than therapy debt diary.

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Comments

  • The_Dragon
    The_Dragon Posts: 9,749 Forumite
    hypno06 wrote: »
    Thanks guys! I really do want to get that family debt down as soon as possible - then I can get on with hammering the others and making a REAL difference to the way things are!

    I reckon the way you are going Hypno you will be debt free by the end of the year! Can you then get mine down for me :rotfl:
    Do not meddle in the affairs of Dragons, for thou art crunchy and good with catsup :D
    NSD 15/20, OS WL 21-6 (4) :(C.R.A.P R.O.L.L.Z #44 Twisted Firestarter, VSP #57 - £39.43
    :p Every Penny's a Prisoner :p
  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    The_Dragon wrote: »
    I reckon the way you are going Hypno you will be debt free by the end of the year! Can you then get mine down for me :rotfl:

    Oh we can dream, can't we!!
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • taxi73
    taxi73 Posts: 20,815 Forumite
    WOW loving the new totals fandabbydozy....you are well going to do that 20k this year and more..well done
  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    I have just sliced my finger with a vegetable knife - it is all bandaged up but it is making typing a bit strange......expect lots of lkagjhgljhgl spelling mistakes this evening :o
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • Gemmzie
    Gemmzie Posts: 14,876 Forumite
    Ouch, that sounds nasty. Have you identified your next target yet?
    No longer using this account for new posts from 2013
  • ZTD
    ZTD Posts: 24,327 Forumite
    Gemmzie wrote: »
    Ouch, that sounds nasty. Have you identified your next target yet?

    OH: Between the shoulder blades...
    "Follow the money!" - Deepthroat (AKA William Mark Felt Sr - Associate Director of the FBI)
    "We were born and raised in a summer haze." Adele 'Someone like you.'
    "Blowing your mind, 'cause you know what you'll find, when you're looking for things in the sky."     OMD 'Julia's Song'
  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    ZTD wrote: »
    OH: Between the shoulder blades...

    :D :rotfl:

    Gemmz - I have a loan that finishes in August so that will be one that naturally comes to an end, and there is no advantage in trying to pay off the remainder early. So the next "real" target is one of the credit cards.

    We have four cards.....

    Egg 1 £4000 26.9% (soon to be closed by egg as part of their current programme)

    Egg 2 £3000 24.9%

    MBNA £6000 23.9% but knowing them they will put it up substantially in the next few weeks.

    HSBC £6000 15.9%

    So......which one to pay off - Of course the snowball says Egg 1, but I am inclined to do HSBC because they would allow us to do a balance transfer at a low rate (or they would at the moment, what they will do in due course is anyones guess) so if we paid that off we could transfer egg over to it at a lower rate.

    Also, we really dislike MBNA, as do most people, and I don't trust them regarding the APR so would like to hit that one too........

    Any comments/ideas gratefully received.

    all the other debts are loans on fixed rates much lower than the cards, so they can take their natural course just now.
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • Gemmzie
    Gemmzie Posts: 14,876 Forumite
    Is Egg 2 remaining open? I'd attack MBNA - they are upping their min payment to 5% and like you said, they are sneaking with APRs
    No longer using this account for new posts from 2013
  • Seaxwyn
    Seaxwyn Posts: 4,896 Forumite
    Hypno I can't believe how high those rates are. Surely you have cleaned up your credit record enough now to apply for a new card? I can't understand why you are always turned down!
    Total debt: 1 January 2007 £[strike]49,387.79[/strike] 1 January 2012 £[STRIKE]19,312.85[/STRIKE] 1 August 2012 £11,517.62



  • SarahNeedle1872
    SarahNeedle1872 Posts: 6,166 Forumite
    Hiya Hypno, are both ur Eggs gonna be closed? I'd definately go for paying the MBNA first if u think you will get a better BT rate.... no point hurrying to take advantage of Egg.... and if MBNA do increase the interest rate, that would be the one to snowball anyways.....

    Sarah x
    'We are all in the gutter, but some of us are looking at the stars' - Oscar Wilde
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