According to research by Moneysupermarket.com one in four workers in Britain are using 40% or more of their wages to pay off debt. The total debts are more than £9 billion and the average payment is £322 per person each month. You may be able to consolidate debts with a loan from Zopa. If you have a good credit rating the interest rate from Zopa might be less than on your loans or credit card debt. Another option is to transfer credit card debt to a interest free card, a number of banks are doing good deals now and up to 20 months interest free. If you need help with debt try the Consumer Credit Counselling Service. (more…)
Live for today!
People tell me to ‘live for today’ and spend my money. I have been careful and now have the money to pay cash for things and so I don’t need to pay that extra £50 for the privilege of paying my car insurance monthly. I don’t go for ‘interest free credit’ because I know the interest is included in the price. I don’t like contracts because it’s a pain to read all that small print and that’s where the scam usually is! (more…)