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Statement of Affairs

PCNSlayer · 2023-12-31 07:48:05

Hi all, I have been a passive viewer of MSE for some time now but thought I should now become an active member to gain as much useful insight and helpful suggestions. Attached below my SOA. Some background info. Our household is currently myself, my wife, our 2 year old, our 2 month old and our dog. I am in full time…

Comments

MasterG83 Posts: 778 Ambassador

2 January 2024 at 11:33AM edited 2 January 2024 at 12:45PM

Just pay the credit card with interest, today, I would have done this before even doing an SOA. You have spare cash every month ?

In view of forthcoming changes I would be paying these cards off ASAP, the HSBC one you can do today and get rid of your credit cards, then the larger balance CC and then onto the car loan, no reason at all you need to be using credit and in debt in my opinion.

I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings 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. Please complete an SOA if you are looking for debt advice. Link here - https://lemonfool.co.uk/financecalculators/soa.php

Baby Step 6/7 . £20000 + saved and invested. £47,000 deposit paid on new home DEBT FREE !!!
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