Finance advice from you guys and gals please ?

MRDOLLAR

Hi there , I’m not very financially minded I need to be especially during the current corona situation.

Im a home owner £147,000 mortgage remaining on home valued at 175-180,000 29 years left, one year left with HSBC at £560 a month. Fixed. 

Currently ERP is £1100.
I have a credit card with 6 months left at 0% with £6000 debt on with Virgin payment is £70 a month.
I have a Halifax credit card with debt of £1100 and 10 months left at 0% payment is £50 a month 

And I have a PayPal credit account with 10 months 0% with £1000 debt payment is £50 a month  

Lastly I have a car on HP settlement figure is £6000 or continue to pay 4 years 5 months at £133 a month.
would it be better to own the car now eg get a loan and settle it or Contine on H.P?

what would be the best way to bring monthly payments down consolidate as a loan ? Remortgage now or wait until next year as mortgage finishes. Fix term.
£303 is paid monthly on the above debts.

I would like to free myself extra cash if possible I dont seem to be getting anywhere.
Also I’m hoping my job is safe but I’d like to know is it better to own car now via loan or continue on HP? 

Just looking for comfortable stability. 

I’m pretty much spending what I earn 
£2000 a month so any help and advice is appreciated x thanks 

[Deleted User]

I think you'll struggle to borrow any more with the amount of debt you're already carrying.

Cut your costs to the bone and get the car loan paid off, as that's the one that's costing you interest.

MFWannabe

MRDOLLAR said:

Hi there , I’m not very financially minded I need to be especially during the current corona situation.

Im a home owner £147,000 mortgage remaining on home valued at 175-180,000 29 years left, one year left with HSBC at £560 a month. Fixed. 

Currently ERP is £1100.
I have a credit card with 6 months left at 0% with £6000 debt on with Virgin payment is £70 a month.
I have a Halifax credit card with debt of £1100 and 10 months left at 0% payment is £50 a month 

And I have a PayPal credit account with 10 months 0% with £1000 debt payment is £50 a month  

Lastly I have a car on HP settlement figure is £6000 or continue to pay 4 years 5 months at £133 a month.
would it be better to own the car now eg get a loan and settle it or Contine on H.P?

what would be the best way to bring monthly payments down consolidate as a loan ? Remortgage now or wait until next year as mortgage finishes. Fix term.
£303 is paid monthly on the above debts.

I would like to free myself extra cash if possible I dont seem to be getting anywhere.
Also I’m hoping my job is safe but I’d like to know is it better to own car now via loan or continue on HP? 

Just looking for comfortable stability. 

I’m pretty much spending what I earn 
£2000 a month so any help and advice is appreciated x thanks 

You need to post in the Debt Free Wannabe board, list all your outgoings in there