screwing up my snowballs!

bountiful · 4 February 2008 at 9:34PM

Hi - started new thread because this question got lost on my first thread (how do I put a link in here?)

I have been back to whatsthecost and tried to fiddle about with the snowball tool - it only shows me paying off the credit card (which I chose to do first) - once that is paid off, it doesn't transfer the extra available money to paying off the next debt - if you get what I mean. Is that how it usually works on whatsthecost - or am I doing something wrong? I put in 0% overdraft - and that reduced my dfd to 210 months instead of 1200, but then when I increased my payments from £200 to £300 it still showed 210 months - can you help me use this facility more effectively?

poorandindenial · 4 February 2008 at 9:37PM

Hi Bountiful

Are you marking the other debts as non-flexible?? That will stop them repaying. Only use it if youhave a debt that you aren't allowed to vary the repayments on.

bountiful · 4 February 2008 at 9:41PM

Ah - that could be it - I'll go back and have a look .....

bountiful · 4 February 2008 at 9:57PM

:j brill! - thanks so much - now I understand how to rig it - I can get my two flexible debts paid off by 2010 and that just leaves the one fixed-payment loan. So - if I can transfer that to a flexible payment mode of borrowing - well, I can't work that out right now, but it doesn't matter - thing is - started 1200 months, and down to 93. (I can feel the need for a celebratory treat coming on - I've got a dram of Mead left in the fridge from Xmas - might just have raise a glass!)
:beer: