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OH's SOA, please help!
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I agree ZTD. What would loans of £289.00 + £380.00 = £669.00 finally cost at that APR?
Depends on the length of the loan."Follow the money!" - Deepthroat (AKA William Mark Felt Sr - Associate Director of the FBI)
"We were born and raised in a summer haze." Adele 'Someone like you.'
"Blowing your mind, 'cause you know what you'll find, when you're looking for things in the sky." OMD 'Julia's Song'0 -
I suppose because my mum used Provident in the 60's and 70's when I was growing up, and they were nice, friendly and helpful to their customers from what I saw, I assumed they were the same now. How deluded I am!!!!
"Life is difficult. Life is a series of problems. What makes life difficult is that the process of confronting and solving problems is a painful one." M Scott Peck. The Road Less Travelled.0 -
How about looking at the http://www.entitledto.co.uk/ site to see if there anything he could claim?
Im sure he can save loads on the grocery front. Back 12 years ago I was able to do food shopping for £15 for two weeks. That didnt include chocolate etc though! I think I had more spare money living on £36.80 a week than I do now!!!:jMay 2013 new beginnings:j0 -
His budget has too many things missing to really see whether his situation is getting worse, just holding on or slightly improving.
Its pretty important to try to include all his spending in the budget.
A spending diary is a great place to start.
His debts at about 6k (?) dont seems too bad but the APRs are awful. With two due to end in 9 months there is light at the end of the tunnel ... however that assumes his situation isn't actually getting worse.
Can the increase his income ... say a parttime job.. even if he only did this for six-nine months he could pay off some of the highest APR debts and free up some money for the rest.0 -
I can see light at the end of the tunnel IF he can NOT borrow any more. Another part-time job would be a fab idea, but first check entitledto he may well be able to get some help, worth looking anyway.Debt free and plan on staying that way!!!!0
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Provident charging 177% APR !!! :eek:
This has astounded me as never knew before now that such a figure could be possible.
How can anyone ever be expected to pay back a loan with that amount of interest getting put on?!!!!......
a few weeks before christmas i got a letter from provident (have bever used them before so dunn where they got my details from) offering me a loan for christmas (i didnt want or need a loan) the apr?......a very generous 283.7% and i have a very good credit rating so if i wanted a loan i could get one at less than 5% of that apr!The only thing worse than being talked about is not being talked about - Oscar Wilde:beer:
Big sister to Hayley11 and Before Hollywood and adopted daughter of Vikingero0 -
glastowinebar wrote: »Is there somewhere on here where I can learn the language?
OH...LBM...IYSWIM
:huh:
OH - other half
LBM - light bulb moment
IYSWIM - if you see what I mean.
There is a little list somewhere on the forum that explains some of the abbreviations, not sure where though - sorry.
EM XxYou can discover more about a person in an hour of play than in a year of conversation.
Plato
Make £2018 in 2018 no. 37 - total = £1626.25/£2018 :j0 -
You can discover more about a person in an hour of play than in a year of conversation.
Plato Make £2018 in 2018 no. 37 - total = £1626.25/£2018 :j0 -
OH - other half
LBM - light bulb moment
IYSWIM - if you see what I mean.
There is a little list somewhere on the forum that explains some of the abbreviations, not sure where though - sorry.
EM Xx
There is a sticky post at the top of the debt free wannabee forum posted by immoral_angel or known as IA
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Hi Lucy
Can your OH get a wee part time job for a wee while even just with the goal of paying off Provie?
Nothing else springs to mind at the mo.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post 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 & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** in ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger.
One debt remaining. Home improvement loan. 19months left.0
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