Standing order trick.

[MrsLaurac]

Hi all, been lurking on this board for a little while. And ive seen people mention the standing order trick for debt. Would somebody please explain it to me? 30 years to 3 years, for a pound overspend? I dont understand! Help please. Legitimate question just starting to come to terms woth debts.

Hi there @MrsLaurac
Have a look on the Spreadsheets thread.

Its all about holding the payment at what you afforded this month on a credit card rather than allowing it to drop a teeny bit every month.

Even the FCA admitted that it work in the spring
Only ten years after I started shouting about it