We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
In trouble help!
Comments
-
Received my statement from halifax last night, and they have withdrawn my 15 month 0% interest feature!! I missed a payment so now i have 19.95% interest to pay on a 7300 credit card debt rather than 0%0
-
It is now costing them a huge amount more to borrow the money they are lending you because of the Credit crunch, so they will use any excuse to up the interest rate.
This means that paying the halifax is priority over the other 0% deals.If you've have not made a mistake, you've made nothing0 -
hi steve i have not been using this site long but how about you missues doing daily clicks, quidco cashback site mystery shopping etc she can do it in the day without leaving the house. i think you working more would be a bad move. but you missues could work and recieve money without paying loads of tax. she could do a few hours as a dinner lady or some thing?!:j Proud mum to Jade age 10 years and Baby Ellie born Christmas Day:eek: with a broke heart
Proven to be a little fighter and battling on with her heart condition :j
0 -
What i want is to consolidate all these debts at a decent rate 5.5 would be good, and pay it all off over 25 years!0
-
Have a look at the snowball on www.whatsthecost and see how much that is going to cost you.
We very rarely suggest that people take out consolidation loans as they do not then address the reasons for their debt in the first place. Also they cost a fortune in the long -run.
Also, if you secure the debt on the house and get in more trouble, you lose the house. If you do a debt managment plan, at least you can reduce the monthly payments.
If house prices drop 30%, will you still have equity in the house? What happens if mortgage rates go to 15%, as they did when I bought a house?If you've have not made a mistake, you've made nothing0 -
i don't think you are really listening to the people on this site! DO NOT CONSOLIDATE !!! you will not get a low rate and it will not make your situation easier:j Proud mum to Jade age 10 years and Baby Ellie born Christmas Day:eek: with a broke heart Proven to be a little fighter and battling on with her heart condition :j
0
-
Steve - did you contact the bank to see if they will reinstate your 0%? The sometimes do this for a first offence. Was it a missed payment or a late payment? The worst they can do is say no.After falling off the gambling wagon (twice): £33,600 (24,000+ 9,600) - Original CC Debt: £7,885.91
Dad Gift 6k ¦ Savings & Inv Tst: £2,500
Loan 10k: £0 ¦ Dad 5.5k: £2,270 ¦ LTSB: £0 ¦ RBS: £0 ¦ Virgin £0 ¦ Egg £0
Total Owed: £2,270 (+6k) 11/08/20110 -
Spoke to Halifax and they are prepared to freeze interest and charges for 12 months.
What will this do when i need to remorgage in 2 and a half years time?0 -
Steve
I doubt if any of us could sensibly guess at what the situation in the mortgage market will be in two and a half years time.
And a lot will depend on your being able to show that you have stuck to the new arrangments.If you've have not made a mistake, you've made nothing0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.6K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.9K Spending & Discounts
- 244.6K Work, Benefits & Business
- 599.9K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards