Quote:
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Originally Posted by Strange Famous
Ok
My salary - gross - is £16,000 PA, I take home £1,030 a month aprox
I also make about £75 profit a month selling second hand books
I owe...
Personal loan - £7100
Credit Card A - £2900
Credit Card B - £1350
Student Loan - £3500
Parents - £8000
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Ok. Most important question.....what are the terms on the personal loan?
The interest on the student loan is a pittance so forget about that for the mo.
Your £4250 can be consolidated and moved onto a 0% card every year (this requires some action from you to apply for the balance transfer) but you can effectively have free credit until this is paid off. - You could even transfer your loan onto a 0 % card if your rating's ok........BUT!!!! AS SOON AS YOU TRANSFER AND YOU GET THE CARD-----CUT THE FUCKER UP!!!! I cannot stress how important this is.
If you want I'll work out a payment schedule based on your income.
I don't know your rent costs but if you hold onto £350pm you'll have paid everythig bar your folk's and the student debt in 2 3/4 yrs.