Written on: 04/08/2010
A friend recommended this one account to me and I am 90% very impressed - which is a good rating from someone as sceptical as me. The great thing is that you can see your net debt and set yourself targets to get rid of it and pay off your mortgage earlier than you would normally.
The downside is that I have become obsessed with reducing the mortgage - every time I log on I see how much I owe and see that every penny I spend is actually borrowed money - before, with my more standard mortage it was out of sight out of mind as I only got annual statements. Teh One Account certainly focusses the mind on repaying the debt :-)
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