Danielle24
Registered User
- Messages
- 209
what is the interest rate from littlewoods and the CU? just to figure out which is cheapest[/QUOTE
Don't have the exact figures to hand but definitely the CU
Littlewoods is 40%!
FYI
The annual percentage rate (APR) for this agreement is variable and is currently 39.9%. We may vary the interest rate at our discretion at any time, and will notify you of the variation, but will not increase it above a maximum of 43.7% APR. The current annual flat rate of interest is 34.01191%. Interest is charged on the daily current balance for the period covered by your statement at the simple daily variable rate of 0.09318% and is applied on each statement date.
+1. You need to control your own expenditure habits. Unless you can do this you will always have financial problems.
Yes - so get out of the mire in the cheapest way you can -which means getting rid of rip-off loans first - and then address the (much) cheaper bank ones later.
Danielle it's not the first time you've been on here, I'm not going to re read the posts but you need to tackle a few issues. So I'm going to again (sorry) give you some hard facts but also some solutions, but more solutions will depend on your replies
1.You love credit, you seem to think nothing of running up credit from all sorts of places and unfortunatley you always seem to get credit, to be fair to you you do pay them back, but this has a cost, it reduces the amount you have to spend and spirals out of control
2. You are not able to keep to a budget,
3. You do not seem to know what interest rate you are paying. Yesterday you were sure the credit union was less (a lot less) than the unbelievable rate of Littlewoods
4. You seem to think you are doing ok when you are not, you're not the worst mind.
Solutions
1. Cancel Littlewoods, never ever shop via this type of method again, there is no need when we have Penneys.
2. Stop thinking that credit is a good thing
3. Learn to save before you buy impulsively
4. Learn to budget
5. Take a few months to get back on track and from then on you need to live within your means
6. Once you're within budget you need to save for the annual items of life, like a repair, car insurance etc.
7. After that you need to begin to be a saver
Some questions
If it's 3 weeks to payday what are you going to live on?
Did you take 80 Euro out of the AIB loan account and loan to someone else?
If your intention was to pay off Littlewoods and the AIB loan with the 550 cheque from the CU, and in addition have a couple of hundred euro, well how does that add up? 339 + 319 = 658.
What is the interest rate on your AIB loan. The CU cheque that you must have just recently negotiated, what is the interest rate on that?
What is the actual repayments for the CU, you mentioned 95 euro and then 20 Euro.
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