Chris Durden
First Time Poster
Cash: $ 0.25
Posts: 1
Joined: 03 Apr 2005
|
| Going abroad for a year but owe £2500 |
 |
|
hey all, first post on here hope you can advise..
im off to australia in 6 weeks for a year but i have a £2500 loan (HSBC)
currently i pay £75 a month
now, i would like to see your ideas on how i can pay this off before i go
my idea is this;
open 3 current accounts with low interest/interest free overdrafts and use these to pay off my loan - the interest on being in the overdrafts will be pennies
this way i dont have to worry about making sure i have £75 in my account every month to cover my loan payments, as i dont know if i will always be working abroad and want to be as free as possible
anyway, thats my idea i would appreciate your thoughts
chris
|
