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Graham

Member

Registered: 12th Oct 03
Location: Lincoln.
User status: Offline

5th Jan 06 at 19:16

any ideas?
on one credit card i have £1400 with 1.2% per month interest
and on another £150.

has anyone got experience with paying off debts easier or any tips etc.

Adge

Member

Registered: 28th Aug 04
Location: Lancashire
User status: Offline

5th Jan 06 at 19:19

thank yaself u aint in as much as me

, wish i knew mate! i swapped them over a few times but doesnt seem help!

Graham

Member

Registered: 12th Oct 03
Location: Lincoln.
User status: Offline

5th Jan 06 at 19:21

i feel sorry for all the guys who kit their car up etc, i just want to clear them up so i can move my ass out of home

John

Member

Registered: 30th Jun 03
User status: Offline

5th Jan 06 at 19:22

Get it all transfered over to an interest free card to start with, then work on payin it.

TNM

Member

Registered: 5th Apr 04
Location: Nottingham Drives: VW Tiguan
User status: Offline

5th Jan 06 at 19:22

get a second job and have the money going in to a seperate account and then pay the cards off from that.

just eveining work in a bar a few nights a week.

You will soon pay it off.

Matt H

Member

Registered: 11th Sep 01
Location: South Yorkshire
User status: Offline

5th Jan 06 at 19:23

Good idea Timmeh

Ian

Site Administrator

Registered: 28th Aug 99
Location: Liverpool
User status: Offline

5th Jan 06 at 19:24

Agree with John, balance transfer on to a 0% card at introductory rate and set up direct debit to get rid of it all before the introductory period is up.

If you can't pay it all off in that time, you'll need to move it again in the future, and keep moving it until you've paid it off.

Don't spend on the 0% card as that spending won't be 0% and you'll pay it off last, so it will acrue interest.

Graham

Member

Registered: 12th Oct 03
Location: Lincoln.
User status: Offline

5th Jan 06 at 19:24

quote:
Originally posted by TNM
get a second job and have the money going in to a seperate account and then pay the cards off from that.

just eveining work in a bar a few nights a week.

You will soon pay it off.

what about the tax man?
how bad will he hurt me :O

Ian

Site Administrator

Registered: 28th Aug 99
Location: Liverpool
User status: Offline

5th Jan 06 at 19:25

Same band as you are in now. Either way, its additional money.

I would get rid of the interest though.

Jodi_the_g

Member

Registered: 7th Aug 01
Location: Washington D.C
User status: Offline

5th Jan 06 at 19:26

quote:
Originally posted by Graham

quote:
Originally posted by TNM
get a second job and have the money going in to a seperate account and then pay the cards off from that.

just eveining work in a bar a few nights a week.

You will soon pay it off.

what about the tax man?
how bad will he hurt me :O

who cares still extra money

[Edited on 05-01-2006 by Jodi_the_g]

[Edited on 05-01-2006 by Jodi_the_g]

John

Member

Registered: 30th Jun 03
User status: Offline

5th Jan 06 at 19:26

Bar work would most likely be cash in hand?

Graham

Member

Registered: 12th Oct 03
Location: Lincoln.
User status: Offline

5th Jan 06 at 19:26

like i say the HSBC one im not fussed about as its only 1.2% interest unless i buy anything on it which i havnt done for about three months.
i find that ill put money on it and by the end of the month ill be skint and will put a tenner petrol here and there on it

Ian

Site Administrator

Registered: 28th Aug 99
Location: Liverpool
User status: Offline

5th Jan 06 at 19:28

1.2% is a far higher APR.

If you're skint you need to earn more.

ClaireF

Member

Registered: 1st Nov 05
Location: hurlford, scotland Drives: corsa again
User status: Offline

5th Jan 06 at 19:29

wish i knew how to clear my debt

Graham

Member

Registered: 12th Oct 03
Location: Lincoln.
User status: Offline

5th Jan 06 at 19:30

i know i need to earn more, but trying to find a little extra cash is hard, i sell stuff on ebay everynow and then but i cant sell everything

Ian

Site Administrator

Registered: 28th Aug 99
Location: Liverpool
User status: Offline

5th Jan 06 at 19:33

Winter is busiest time in the car washing calendar. I used to earn 50 quid a weekend, and its completely stress-free.

Sam

Moderator
Premium Member

Registered: 24th Dec 99
Location: West Midlands
User status: Offline

5th Jan 06 at 19:34

quote:
Originally posted by Graham
any ideas?
on one credit card i have £1400 with 1.2% per month interest
and on another £150.

has anyone got experience with paying off debts easier or any tips etc.

You call that 'debt'? FFS!

Graham

Member

Registered: 12th Oct 03
Location: Lincoln.
User status: Offline

5th Jan 06 at 19:35

quote:
Originally posted by Sam

quote:
Originally posted by Graham
any ideas?
on one credit card i have £1400 with 1.2% per month interest
and on another £150.

has anyone got experience with paying off debts easier or any tips etc.

You call that 'debt'? FFS!

IMO yes

i know its not alot but i want to live a debt free life and move out

Sam

Moderator
Premium Member

Registered: 24th Dec 99
Location: West Midlands
User status: Offline

5th Jan 06 at 19:35

quote:
Originally posted by Ian
Winter is busiest time in the car washing calendar. I used to earn 50 quid a weekend, and its completely stress-free.

Northerners must be tight, I earnt that a day when I did car washing on weekends a few years ago!

Ian

Site Administrator

Registered: 28th Aug 99
Location: Liverpool
User status: Offline

5th Jan 06 at 19:36

Yeah this was 1996

TNM

Member

Registered: 5th Apr 04
Location: Nottingham Drives: VW Tiguan
User status: Offline

5th Jan 06 at 19:36

quote:
Originally posted by John
Bar work would most likely be cash in hand?

yer right.

John

Member

Registered: 30th Jun 03
User status: Offline

5th Jan 06 at 19:37

Is it not? I've never done it, just thought it would be.

TNM

Member

Registered: 5th Apr 04
Location: Nottingham Drives: VW Tiguan
User status: Offline

5th Jan 06 at 19:37

quote:
Originally posted by Graham

quote:
Originally posted by TNM
get a second job and have the money going in to a seperate account and then pay the cards off from that.

just eveining work in a bar a few nights a week.

You will soon pay it off.

what about the tax man?
how bad will he hurt me :O

if your on 22% now then its all @ 22%

TNM

Member

Registered: 5th Apr 04
Location: Nottingham Drives: VW Tiguan
User status: Offline

5th Jan 06 at 19:37

quote:
Originally posted by John
Is it not? I've never done it, just thought it would be.

Yes ive worked 2 pubs and one bar.

Andrew

Member

Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
User status: Offline

5th Jan 06 at 19:42

£1550 is not all that much really. Cut down on going out, ahort drives, buying clothes and eating out.

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