advice needed pls

yorkshirepuddin

firstly like 2 say hi every one , got into a bit of trouble with my credit card an loans so re mortgaged 2 pay all off but couldnt raise enough managed 2 pay one big loan for £14,000 got £4,500 left in bank. an owe £6600 on mastercard which ive been paying off min payment an has just kept gettin higher an higher stupid i know ,an £1400 on existing loan which finishes nxt jan at £122 pm also got ppi on credit card which is now gettin cancelled an tryin to reclaim it all back ,bad credit rating so have'nt tried for any addittional cards .ps dont no if ive put this in the right place or posted on right forum :eek:

Cozworth806

I would without knowing owt else about you possible look to pay off the other £1400 loan and put the rest of savings towards the credit card. The extra £122pm could make a serious dent in it.
Also I would try to apply for a new card, and see what you get, Virgin etc. They can only say no. M&S are doing a fee free lifetime balance for 7.9%.

CLAPTON

If you have 4,500 left in the bank why not use that to pay down the CC... I'm assuming the APR of the CC is higher than the interest rate on the bank account

GeorgeUK

Probably worth popping over to the Debt Free Wannabe forum and making a post there too.

Put up a full Statement of Affairs (SOA) and tell us all the Loans and CCards you have with the limits and APR's. (In one of the sticky's at top of DFW board)

We should be able to sort you out with some kind of solution, then we can tackle your mortgage too.

yorkshirepuddin

thanx all for the advice