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I have a bit of debt.

It's not massive but it's at a level where it stops me from enjoying life.

I had a few problems changing jobs last year where I didn't get paid for three months and wasn't entitled to benefits.

So I had to either borrow or not pay bills, eat etc...

 

I've worked out I can pay and extra £50 or so a month to clear it a bit quicker but I'm not sure in what order to pay it off.

They highest interest debts are my smallest and don't really cause a problem.

 

 

It's the following.

 

Loan

around about £5500 still owing. I pay about £240 a month. Low rate of interest. About 2 and a bit years left to pay it off.

 

Credit card one

about £1000 owing, at credit limit.

Minimum payment is about £45 a month.

Keep getting £12 charges for going over credit limit.

(I'd like to keep this card when I get back on track because the interest rate is reasonable).

 

Credit card two

about £1100 owing, at credit limit.

Minimum payment about £65 a month.

High interest rate.

Keep getting hit by £12 charge for going over my credit limit.

Have cut this card up.

 

Credit card three

about £200 owing, at credit limit.

Minimum payment about £7 a month.

High interest rate. No charges. I've also cut this card up.

 

What debt should I pay the extra £50 on and in what order to get it paid off more quickly.

 

Before it is suggested I have looked at 9723567356506853286 ways to consolidate the debt but I can't get a loan, probably because of how much I owe already.

 

 

Also I can't raise my credit limit on the card with the better interest rate so I can do a balance transfer.

So I'm just left with paying off the debt.

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well I first thing you need to look at reclaiming those charges

and any PPI you might have

 

 

yes logic dictates the highest int rate one.

but that might not be the best route.

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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well if you just sit back and let them fleece you of penalty charges you are not in control

they are

 

 

its YOUR MONEY

take control.

not let them do it

put them in their place

 

 

its only £5k..

 

 

not the end of the road.

 

 

use that £50 to better your life you say is poor.

 

 

or pay this one

then iits gone

and you put the two payments together on another

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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