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Order of Debt Payment - Do You Agree?

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Comments

  • Verbatim
    Verbatim Posts: 4,831 Forumite
    Part of the Furniture 1,000 Posts
    tesuhoha wrote: »
    Yes I probably omitted to say that but it seems the most likely way to me of paying the least money as BT transfer fees can amount to quite a bit. If I paid off the Goldfish first then all the others would run out before I couldpay them off and then I would have to do expensive balance transfers to 0% or pay the higher rate. Thats my reasoning.

    Also worth noting that deals may be harder to get now with the credit crunch and banks credit rating and ability to raise cash themselves taking a dive.
    CCs @0% £24k Dec 05 £19,621.41 Au £13400 S 12600 Oct £11,981 £9481 £7500 Nov £7250 D £7100 Jan 6950 F £5800 Mar£5400 May £4830 June £4660 July £4460 Aug £3200, S £900, £0 18/9/07 DFW Nerd 042
  • tesuhoha
    tesuhoha Posts: 17,971 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Mortgage-free Glee!
    Verbatim wrote: »
    Also worth noting that deals may be harder to get now with the credit crunch and banks credit rating and ability to raise cash themselves taking a dive.
    That thought had crossed my mind.
    The forest would be very silent if no birds sang except for the birds that sang the best






  • Verbatim
    Verbatim Posts: 4,831 Forumite
    Part of the Furniture 1,000 Posts
    tesuhoha wrote: »
    That thought had crossed my mind.

    :rotfl::rotfl::rotfl:

    Sorry to state the obvious! :beer:

    Good luck.
    CCs @0% £24k Dec 05 £19,621.41 Au £13400 S 12600 Oct £11,981 £9481 £7500 Nov £7250 D £7100 Jan 6950 F £5800 Mar£5400 May £4830 June £4660 July £4460 Aug £3200, S £900, £0 18/9/07 DFW Nerd 042
  • tesuhoha
    tesuhoha Posts: 17,971 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Mortgage-free Glee!
    No its not particularly obvious but I panic a bit when times get tough. I remember the last recession all too well. :eek:
    The forest would be very silent if no birds sang except for the birds that sang the best






  • Gemmzie
    Gemmzie Posts: 14,876 Forumite
    We are similar with the non-DMP debts, trying to clear the 0%'s in the right order. It's confusing because the snowball works it out to pay it off now.

    Your plan looks good to me
    No longer using this account for new posts from 2013
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