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Didnt count the PCP as a value as whether keeping it or not is probably not an option at the end of the term.TheAble said:4k's worth of cars but 12.5k of car PCP debt, how did that happen? Did you just get really behind on your payments or something?
No payments have been missed on anything yet0 -
Does your pension not come out before the £1500 net pay? The TV licence should be £13 so you should have a small surplus but the interest rates are high on your cards. I would consider a DMP to get the interest frozen and the payment set at an affordable level. Don't do a secured loan and risk your home. Consolidation rarely works anyway as you need to change your spending habits first. Undoubtedly you have overstretched on the cars and buying them on PCP deals are the very worst way of financing them for future reference.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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