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A little in debt a little confused

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Comments

  • Maryjane_4
    Maryjane_4 Posts: 50 Forumite
    You missunderstood me! I already have a managed loan, I know how anoying they are and i will be getting rid of it as soon as i can.

    I went to the bank today and they told me i could pay it off as soon as i had the money, no early payment charge!

    I wanted to know if I moved bank accounts would it effect me getting a normal loan in the future. I need to get a large loan in the next year or so.
  • RAS
    RAS Posts: 36,172 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    mary jane

    It looks like you also have PPI on that managed Loan?

    Check the details and consider ditching it and getting the £380 back towards your OD.

    read the article on the front page. If your employer provides any sickness benefits, certainly go for it. if not, see if you could get it cover cheaper elsewhere.
    If you've have not made a mistake, you've made nothing
  • Maryjane_4
    Maryjane_4 Posts: 50 Forumite
    ahh thank you, never noticed that one.
    This loan is completly confusing me, when i took it out i thought it would be a total weight round my neck but it seems really easy to get rid of and maybe some money back too!
  • RAS
    RAS Posts: 36,172 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You need to check but it looks like they added all the interest up front, so there is no benefit in paying the loan off early.

    Check this. Unless paying it off ealry reduces your total repayment, concentrate on geting the OD down.
    If you've have not made a mistake, you've made nothing
  • Maryjane_4
    Maryjane_4 Posts: 50 Forumite
    mmm... I thought that would reduce my total repayment if i payed it early. Not sure about the intrest.
    Natwest are bugging me a bit, when ever i go to talk to them they make it sound too easy!
    I need someone to tell me the truth!
  • Maryjane_4
    Maryjane_4 Posts: 50 Forumite
    Had a spending day today, spent about £20 on food and £9 for a book for my Grandad so nothing i shouldnt have (apart from 49p on a chocy bar!)

    I added anything up when i got back from the farmers market (never done that before) and thought i was £1.50 short! I actually started to panic a bit. I never cared about tenners before let alone quids!
    Turns out I had forgotten about some apples.

    This feels really good to be in control for a change! :)
  • MaggieBear
    MaggieBear Posts: 106 Forumite
    Maryjane wrote: »
    This feels really good to be in control for a change! :)

    It really does, doesn't it :D
    LBM 21/11/07 Proud To Be Dealing With My Debts. Nerd Number 872 DFD ~07/2009 Stats at payday feb08: overdraft ; Gone CC1: £1,519.63 CC2: £402.15
    £2 Savers club: £6 so far Living Ebay(& Amazon) Neutral in 2008: £43.07 so far "I do not NEED that DVD" Tough Love Club member #4
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