Ex-Graduate account overdraft, im having trouble clearing

nIckEl101 · 12 Oct 2010 at 13:23

MrLOL said:
not read the 2nd half of the thread then

no... as frankly the first page irritated me so much...

Dave M · 12 Oct 2010 at 13:26

I was hearing the news of tuition fees and feeling bad for students going to university these days.

Then I read this.

DJMK4 · 12 Oct 2010 at 13:46

nIckEl101 said:
no... as frankly the first page irritated me so much...

You irritate me

You dont read a book and judge the story without reading the middle and the end. :confused:

platypus · 12 Oct 2010 at 13:49

DJMK4 said:
You dont read a book and judge the story without reading the middle and the end.

Perfectly plausible, I managed 10 chapters of that Dan Brown tripe the Da Vinci Code before I gave up.

DJMK4 · 12 Oct 2010 at 13:53

Telescopi said:
I was hearing the news of tuition fees and feeling bad for students going to university these days.

Then I read this.

Maybe a graduate with a 9k loan, multiple credit cards, multiple overdrafts, £30k's worth of debt and avoiding any type of repayment might suit you?

Im just glad that mine is only £2k

But I still would like it gone.

Weebull · 12 Oct 2010 at 13:57

I wish I had £600 of disposable income.

Swifty55 · 12 Oct 2010 at 14:08

DJMK4 said:
You irritate me

You dont read a book and judge the story without reading the middle and the end.

Considering your first reply to the advice that made sense, I doubt the story would change in the middle or at the end...

chucky · 12 Oct 2010 at 14:38

Im in a slightly similar boat.

I have around 2.5K of a credit card balance.

I have moved it onto a 12 month interest free card, and have set up a direct debit each month of £250 into a seperate account.

At the end of everymonth i move any money from my current account into my savings account so i start each month with a clean slate.

Then i put all the savings account money into premium bonds.

In 12 months time i will have enough money to pay off my credit card balance with the possibility of having more.

boxman2000 · 12 Oct 2010 at 14:54

DJMK4 said:
And make no contributions to my savings?

seems abit daft really

4-5 months to clear overdraft, but then make no contributions to my savings, or

8-9 months to clear, and contribute £400 per month to savings

Savings I need for a car unfortunatly, as my car is nearing 161k on the clock.

Sorry but it is basic maths - even reduce to £200 per month to put to loan repayment, the drop in interest on the money you save will far outway the interest on overdraft.

100% agree with LordSplodge.

They should really teach basic personal finance at school

Musty Pie · 12 Oct 2010 at 15:24

Telescopi said:
I was hearing the news of tuition fees and feeling bad for students going to university these days.

Then I read this.

Ha ha

I was going to post about students and the fees this morning after hearing about it on the radio.

I felt like we could do without the worms all over the forum though