Time to Face The Music

RelievedSheff

Balances Update 02.05.23

 

Furniture Loan = £0 (Account Settled)

HP Car Loan = £0 (Account Settled)

Debt 1 = £0 (Account Settled)

Paypal Credit = £0

Credit Card 1 =£0 (Account Closed)

Credit Card 2 = £0 (Account Closed)

Credit Card 3 = £0 (Account Closed)

Credit Card 4 = £0 (Account Closed)

Credit Card 5 = £0

Credit Card 6 = £0

 

Credit Card 7 = £9847 (£300 repayment 0% interest until May 2023)

HP Motorhome Loan = £14156 (£393 repayment final payment April 2026)

 

Total Debt = £24003

 

Savings Account = £700

Premium Bonds = £1100

 

Total Savings = £1800

enthusiasticsaver

I hope you manage to get a good deal for that CC7. Almost under £24k now.

Sun_Addict

It's a shame so many people are leaving, your employers seem to be pretty decent to work for? Do they think the grass is greener elsewhere?

I hope you find good cc and washer deals.

RelievedSheff

They are all going for more money. People are offering silly wages at the minute because there is a lack of people with the required skills and knowledge.

It is a good company to work for and they do give us regular fair pay reviews but as a mid sized company they just don't have the funds behind them that the big boys have.

I think I have found us a decent deal on an LG washer dryer. Just need to run it past the other half.

Tomorrows task is the credit card. We have an offer from Natwest for 19 months 0% with 0% transfer fees but it isn't for the whole amount that we need. It would be a few hundred quid short. Will see if we are eligible for anything better.

joedenise

If you can't get a 0% fee free deal for a larger amount it's certainly worth transferring as much as you can onto the Natwest deal. It will still save a fair amount of money.

beanielou

I would go for the Nat West deal & pay the difference with your savings ~~you can soon top them up again :)

EssexHebridean

Go for the Natwest deal and set it to pay a little above the current minimum, then throw everything you can spare at the old card to get that cleared as fast as possible, before switching the overpayment back to the Natwest card once the old one is cleared, would get my vote. Tidier, and if it is just a few hundred pounds the interest payable should be negligible.

RelievedSheff

Not a no spends day today. The washer dryer has been bought and will be delivered next Saturday.

Breakfast, lunch and dinner will be from stores. Breakfast was porridge, we have both taken our packed lunches to work and dinner tonight is pork chops with tortellini and vegetables.

Tonight's jobs are walking the dog and cleaning the kitchen.

Just about to start the hunt for the next card now. Will report back later with the results.

RelievedSheff

For reasons unknown because nothing has changed our end when I have applied for the Natwest card it came back with a much lower limit than we were "pre approved" for so I have not transferred anything or accepted the card.

All of the other cards we were eligible for all had 3% transfer fees so with that in mind I have just transferred the balance back to Card 6 which also had a 3% transfer fee. 

Fixed now until next July so we will see what we can pay off before then.

Not the solution we had hoped for but at least we had that option available this time. 

So the card balance has crept back over the £10k mark but it won't be long before the first payment takes it back under again.

joedenise

That's the problem with the so-called "pre approved" figures, they seem to be actual figures.  Think you've made the right decision by just moving it to one of the cards you already have rather than taking out another card.

I'm sure you'll soon start getting that amount down.