Help This Iz Never Ending :(

onlyonemoretoogo

Ok i have a credit card itz run up to £3000, i have been paying it @ £100 a month and it hasnt went down a penny , i was thinking of a loan but i didnt wanna get into more trouble in a way, the credit card has been cut off because itz been run up but i have been paying it consistently and never missed a payment, can anyone help me out there cause it feelz like a huge weight on my shoulder, thank you very much

angelavdavis

It sounds like you are paying high interest - what apr are you paying?

If you have been paying it steadily, it might be worth seeing if you can get a 0% credit card over 12 months or a fixed life of balance card. Martin has info on this here. It can depend on income though so you might not be lucky. A loan is not generally a good idea as you will pay more interest over a longer term. The other problem, as so many of us have discovered, is that you can be tempted later to take out another card and run more debt up! So consolidating is not really the way to go for most people.

If you are refused a cheaper credit card deal, the only option is to post up your income and outgoings details here and the good folk will review and suggest ways you can cut back in order to put more money toward the debts. For example, do you have anything you can sell to raise cash to throw at the card to reduce it in chunks?

southernscouser

Did you keep nodding off while typing?

Itz just your choice of letterz that threw me!

onlyonemoretoogo

I dont no how much im paying i just pay £100 a month , i guess i need to look into that, i like the idea of switching the balance to another card and not pay the % for a little while

My income iz decent i have no other debtz but itz one that will never go away @ the moment , i dont have anything worth while selling i have no quibble paying it but it feelz like i havent paid anything off

findingmyownway

Get you last statement out, it will say your %APR. If it doesn't there will be a phone number to ring and ask them. I suspect its quite high.

Also, if you look at the first post on the DFW board there is a guide to doing a statement of affairs (SOA). If you put one together we can all have a look at it and probably find you can afford to pay much more than £100/month which will get it cleared faster

Kevicho

In the meantime, can you afford to pay more per month? If you have no other debts to pay off, once your expenses are accounted for then id imagine you have some spare cash?

Posting an SOA on here will probably help you have more spare cash, to use to clear this card quickly.

ID luck at the credit cards section of this site, then when you apply, go through a site such as quidco to earn some cashback for changing.

GreyPilgrim

southernscouser wrote: »

Did you keep nodding off while typing?

Itz just your choice of letterz that threw me!

Maybe it's a west country accent? Some sort of wasp-man genetic splicing experiment gone wrong?

GreyPilgrim

GreyPilgrim wrote: »

Maybe it's a west country accent? Some sort of wasp-man genetic splicing experiment gone wrong?

Debt Free Wanna - "bee"?

PasturesNew

I thought they were French... and I suspect they can't pay more as Cafe Renee is not a high paying employer.

onlyonemoretoogo

Well my credit card balance iz £3100, and i have an overdraft of £600 which i will never shift, i have been to these balanced transfereable credit cardz, and i have been lookin at loanz, I have been looking @ loanz and wat i pay back ontop of it iz really silly, but yes itz my fault i guess, i could handle paying back more each month to the credit card but my problem right now iz first off, How do i get rid of this over drfat without leavin myself short with no wagez ?

tigerfeet2006

Post up your SOA and let the good people here look at it and see what can be done with what you have. You'd be surprised where you can find extra money from to help clear these debts.

Read the post for newbies on how to do it.
http://forums.moneysavingexpert.com/showthread.html?t=562271