argh feel sick at the interest

[BloodyDogHairs]

I was charged on my credit card

I had a balance of £6000 on a zero percent card but I forgot that the offer was ending this month. I got charged £80 in interest!

The best offer I have now is 10.7% with MBNA and I know the minute I transfer the money Barclay card will offer me 0% again so more bloody fees to keep changing cards .

I really need to sit down and go thru my outgoings and incomings to get this debt cleared. Its the only debt I have.

inertia is one of the greatest money-makers around.

not to worry, you caught it before it got worse. But you need to a) shift it quickly and b) work on clearing the debt.

we all like helping with sorting this so if you want to post more detail, bring it on!

How much can you afford to pay per month - set up a standing order for that while you look for another card.
Check your numbers in my credit card spreadsheet - the thread is on the board somewhere, or at the top of the big debt thread.
THen come and join the gang on the big thread for ideas and support on getting rid of that millstone.

Would probably be cheaper to take out a bank loan to clear the debt off the credit card.

probably not : because of set up fees and the fact that the loan will be over a longer period.
THe standing order trick clears a credit card in two years so long as you stop spending on it

sorry I never replied back sooner, I've transferred the debt to a credit card with another offer. I also cut out the chip of the cards so I can't spend and I plan on setting up a standing order each week I just haven't got round to it yet.

I did consider a loan but after I get xmas over with I can make bigger payments to reduce the debt.