32k in credit card debt where do I start??

leroy1980

I’ve sold my laptop and payed 3/4 of my next off. Very is next and I’m hoping to clear that in the next couple of months as I have a mortgage holiday. Then going to go for the Amazon card 100%

enthusiasticsaver

Good start.  I would close that next and very.  The rates are extortionate and it might mean you are less tempted to spend on credit again. 

leroy1980

Got some bad news today that my Halifax and Lloyds 0% are ending this month. Currently paying £66 each so will probably double easily with interest 😕

TheAble

What interest rates are they reverting to? Should be easy enough to work out the new payments.

ryanm8655

leroy1980 said:

Got some bad news today that my Halifax and Lloyds 0% are ending this month. Currently paying £66 each so will probably double easily with interest 😕

That’s annoying but don’t let it dishearten you. You’ve made a really solid start so keep pushing. A bit of pain in the short term and you’ll be in a much better place.

As above, if you look at the interest rate you should be able to work out the minimum so you can build it into your planning at least.

Great the next is gone, now hit that Very and cancel them.

BabyStepper

Great news about your next account, so only about £250 to go? Excellent. I agree you should close this one, you won't be able to use it for a balance transfer, just get it shut down. 

I just wanted to check you are signed up to online banking for all your credit cards account. You can see your balance and get your statements that will have all the info about 0% deals ending, dates, minimum payments, everything you need to know so no surprises. This is particularly handy if you have different deals on the same credit card, ending at different times. Get signed up, it's also where they will make balance transfer offers so you can snap them up the second they appear and get your interest rates down. 

In the meantime, if you want to post the new interest rates on here we'll help you work out how much you will need and when.   

Keep going, you're off to a great start, we're all behind you. 

p.s How's the food bill looking?

leroy1980

I’m trying to get food bill down to £60 a week. I’ve not been buying anything so that has made a bit of a difference. I’ve sold my decks for 1k so gonna pay off very after I finish the next bill. 

At least it’s only credit card debt to focus on

ryanm8655

Good work! Keep it up. Recommend starting a diary in the diaries section and sticking a link in your signature. Good way to keep the motivation up :-)

BabyStepper

Hi there

How's it all going?