Originally Posted by xr2fatturbo
I think im doing the right thing. im no way struggling to pay my debts off infact i could have those cards clear in 6 months. I plan on paying off ALL my loans credit cards etc then plough as much money into savings for a deposit for a few years.
I was shocked to see that the average age for first time buyers in the uk is 34
and i thought 28 was getting on abit!
Are you really sure you can pay them off in 6 months? I ask only because who wants to accrue and pay interest on something for 3 years when they can pay it for only 6 months. If you do this in 6 months and then plough the money into savingis you will have effectively 5 years worth of savings against your plans 3 years at the same date 2010.