Debt and Job loss

dprovan

https://forums.moneysavingexpert.com/discussion/comment/81979053#Comment_81979053

Here you go- All credit cards between myself and wife

MBNA (w) 18,961 5% for 20 months from Jan 26 (no transfer fee)

Barclaycard (me) 2,180 14%

MBNA (me) 2,180 14.94%

MBNA (me) 9161 14.94%

HSBC (me) 95098 0% until Aug 26

Barclaycard (w) 11,743 0% Dec 2027

NatWest (me) 9,500 0% until March 2029

Jaja (me) 8237 0% until Feb 2028

Santander (w) 11,875 0% until June 2027 (no transfer fee)

M&S (me) 4,634 0% until Oct 27

so currently paying approx 2300 to these and 200 of this is interest.

MasterG83

Start with these two in this order, pay the minimums on the others and target everything you can at MBNA £2180, then close it, next one Barclaycard…… then come back again here, I promise you the mental affect of starting to close these down is inspiring. Can you make the 10 debts into 9 quickly?

I used a page of A4, did 100 excel blocks on it and divided the debt by 100, then every time I paid off 1% I coloured in a square with a yellow highlighter. I pinned it to my door in my home office to remind me every day, what can I do to pay this off. I sold things, worked Amazon and post office shifts during covid, breaking it down enabled me to feel the small wins, even if it was 1% by colouring in the squares.

1. MBNA (me) 2,180 14.94%

2. Barclaycard (me) 2,180 14%

dprovan

https://forums.moneysavingexpert.com/discussion/comment/81980348#Comment_81980348

Great, thank you!

ManyWays

HSBC (me) 95098 0% until Aug 26
I guess that was a typo!

dprovan

https://forums.moneysavingexpert.com/discussion/comment/81980415#Comment_81980415

thankfully yes :) although surely I would have a strong case under the affordability claim

in_need_of_direction

glad you’re able to keep your sense of humour