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sell something and get the damn debt paid off! Dont get another debt to pay off this one.
This, but transfer the balance onto a 0% transfer first
Credit Card Debt - Loan?
- Thread starter PixelChef
- Start date
This, but transfer the balance onto a 0% transfer first
Soldato
[TW]Fox;21515834 said:
pay it all off, what interest?
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
pay it all off, what interest?
People in debt don't tend to have £4300 sitting under the sofa they can magically use to pay it all off. If he could pay it off right now do you think this thread would even exist?
Soldato
ask yourself though, why get into that much debt if you cant sustain it or pay it off? I had a 6.5k debt, paid it off over 6 months, now debt free and got a decent amount saved for a house deposit. Guess i had a stash of cash under a sofa 
EDIT
Like i said, sell something if the debt is unmanagable and pay it off rather than shifting debt from one source to another. False economy if you ask me
EDIT
Like i said, sell something if the debt is unmanagable and pay it off rather than shifting debt from one source to another. False economy if you ask me
Last edited:
So you are offering him what? A time machine? Or just useless comments? He's got the debt - he cannot go back in time. He cannot 'not get into that much debt'. It's happened, he's done it.
He's asking us for advice on sorting it.
I had a 6.5k debt, paid it off over 6 months, now debt free and got a decent amount saved for a house deposit. Guess i had a stash of cash under a sofa
Wow, you are so awesome.
Most people dont have £4300 worth of stuff they can randomly sell. Moving £4300 at 17% to £4300 at 0% is nothing but sensible and rational.
Soldato
[TW]Fox;21515993 said:
I gave him advice. sell something. does he have a pc / mobile / stereo / car that are luxury items? I'm sure flogging them can help get rid of the debt. Its not rocket science but you're making it sound like it is ffs
Why do you make the flawed assumption that everyone with £4300 of debt therefore has items with a used value of £4300 they can simply sell?
Soldato
hes on a pc forum, with a variety of pc related links in his sig, so therefore he has a pc.....a pc is a luxury item which can be sold to clear part of the debt. by no means will it clear it all but its a start and he can then find other things which are nice to have but aren't necessary to get rid of the debt that hes so hard to trying to remove.
Oh and by the way, can you show me where i said EVERYONE with a 4300debt has items that can be sold?
Oh and by the way, can you show me where i said EVERYONE with a 4300debt has items that can be sold?
And in the meantime he can stop paying interest right now by transferring as much of it as possible to a 0% card. It's a complete no brainer! Stop the interest acruing giving him time to breath. Sure, selling stuff and paying as much of it off as he can is a valid idea but the reason we are having this argument is because you criticised my suggestion of using a balance transfer.
You implied it through your terribly worded post #19 where you advised against moving to a 0% card and implied instead he could clear it simply by selling items.
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Caporegime
Not sure how anyone can argue that moving to an interest fee card immediately and thereby reducing interest payments to zero is not a wise and sensible choice. Genuinely confused.
Soldato
How long will it take to pay off if you continue to pay £300 per month?
Soldato
For the record a PC is not always a luxury item. Without mine, my income would plummet making paying off any debt impossible.
They can also save you money, pretty much anything is cheaper on-line, and while you can use the interweb at the library, they tend to be shut when normal people are working. These savings can go towards paying off debt.
I am not saying don't sell stuff, 'cos obviously we all probably have things we don't want or need. Just don't do it all willy nilly. Don't sell your PC at a loss if in 6 months time if your going to buy a new one once your debts gone, that IS a false economy. But that stack of 100 DVD's in the corner I never watch, could be worth a couple of quid each.
Come to think of it, I *have* been eying up a capture card
If he was able to balance transfer it all to a 0% card (Which he may or may not manage) it would take him 15 months to clear the balance - there are plenty of 0% cards which have 15+ month interest free periods on balance transfers.
OR HE COULD JUST SELL HIS SHOES LOL
Soldato
[TW]Fox;21516351 said:
Well, shoes *are* a luxury item.
Associate
They probably are in Oldham I'd imagine
lol.
Not so much drama please
Don't worry Derek, my underwear is on eBay
But seriously, my PC isn't valuable enough to be worth selling. (Plus, I need it!)
It will take a while to pay off the debt paying only £300 a month, but generally I pay more than that, pretty much all I earn and only buy essentials.
Not so much drama please
Don't worry Derek, my underwear is on eBay But seriously, my PC isn't valuable enough to be worth selling. (Plus, I need it!
)It will take a while to pay off the debt paying only £300 a month, but generally I pay more than that, pretty much all I earn and only buy essentials.
sell something and get the damn debt paid off! Dont get another debt to pay off this one.
Or just pay the debt off (as he's already doing) monthly.. but without the added sting of high interest by transferring to a 0% card...
Rather than selling something he wouldn't otherwise want to sell, for some knockdown price....