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A chance for an escape

Last post Wed, Nov 11 2009, 7:20 AM by sausage. 2 replies.
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  •  Tue, Nov 10 2009, 8:03 PM

    A chance for an escape

    Well what do i do ????

    Will soon get 9000 pay out and have the following debts :

    BC : 7100 credit card

    NW : 4800 credit card

    Beneficial : 1000 credit card

    Loan : 15000 natwest

    What should I pay off 1st. Any idea how I could pay all cards off ( Offer of payment ? ) Behind with payments.

    • Post Points: 20
  •  Tue, Nov 10 2009, 8:10 PM

    Re: A chance for an escape

    Which borrowing has the highest % rates, usually more beneficial to pay off the most expensive first. ?

    Psychologically it would be nice to clear two of the cards, but the most expensive is usually the most logical to clear first.

    Or -

    Try offering all the cards 40% as a start.... rising to 50% as a full and final settlement, that would cost you appx £6500... get any agreement in writing. !

    • Post Points: 50
  •  Wed, Nov 11 2009, 7:20 AM

    Re: A chance for an escape

    Conmankiller, thanks for the advice as will commence my attack !!

    Probably will get nowhere but heyho ! onwards and upwards.

    • Post Points: 5