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Newbee asking for advice
Comments
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Personally I would save have and use have towards debt - your husband is in an industry that is going to get worse in the future and at least you would have some money put aside to pay those essential bills if his income stoppped.0
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SallyGemini wrote: »ive just had a quick round up and this is my breakdown
£6400 on credit cards (6)
11,000 on loans (3)
1700 on catalogues (6)
plus 2 overdrafts totalling 1400.00
ITS BAD - I DO WONDER IF WE'LL EVER DIG OURSELVES OUT OF THIS!
First thing is to stop buying stuff from catalogues. With regard to the credit cards transfer the debt to a 0% balance transfer card (you may have to pay a small fee) but in some instances you can have 0% interest over 15 months check out Martin's recommendations (look at Ones Not to Miss >>>>>> - on right hand side of this page). Don't spend on the 0% card either.
If you are paying repayment protection insurance on the loans, cancel it and see if you can reclaim - check out the rest of Martin's site and he will tell you how to do it even down to template letters.
HTH
PS. Join in some of the challenges on this forum - e.g. make £10 a day challenge, £2 savers club etc. They will help you make free money and save money as well.0 -
Thanks Horace, but woudn't get another card - believe me!Capital One £1,593.22: Barclaycard £491.28: Lloyds TSB £3261.77: Aqua £1750: Simply Be £520 : Littlewoods £55.01 : Additions £657.01 :0
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