credit card vs bank loan

tiffanyjones

After using the credit card calculator it was definately time to get my head out of the sand. Lured by 0% this has now ran out. the minimum payments are getting higher and so is the debt. My bank hsbc is usually very understanding as I have no income and am now single. Have applied for a loan instead , waiting to hear. I'm also due to start uni in september so will take advantage of any student loans and overdrafts. As i won't be earning any income for the next four years I figure a four year loan paying off what I'm already paying for in interest on credit cards is the best option. I have two credit cards with a debt totalling £5,000 I also have a £750 overdraft which once in uni I can switch to an interest free one. Martins money tips are a saviour. I have earnt cashback with greasypalm and earn money with slice of pie. If i ever get a car i will do cashback insurance and earn money by advertising on my car. I have earnt 105 cashback so far with only spending on things I would have bought anyway (honest). I believe in the cause for fighting for our money rights. I was owed money from a DSS claim which started in 2003 I recently got a small but welcomed compensation payment and most importantly an apology for the distress caused. I spent many days in the citizens and many hours photocopying documents I have two bags for life full of paperwork, was it worth it, yes because the dss are notorious for red tape and rarely pay the correct amount yet harp on about people not claiming what is rightfully theres ( wonder why) Have had success with lots of freebies on mysamples.co.uk yes they are free and yes you do actually get them. My recommendation for life, cut up your credit card and if you can't afford it don't buy it. is it worth the debt stress, no.just stop spending and see free help for debt. maximise your income there are lots of ways to increase income and minimise your outgoings, do the value shop every other week and go to the market just before it closes, they are giving it away, be thrifty with your food oldstyle use leftovers make soups you can eat healthy and cheap batch cook and freeze it. Use freecycle website and get your clothes/toys from charity shops win/win. Watch martin money on tv and take advantage of his advice. MME for MBE!:money: