trying to be debt free

thecrazy1_2

hi all, this is my situation i have an advantage gold account with a £1900.00 overdraft the charges at the end of the month are roughly £30 i also have a current account although i dont have an overdraft i did go over by a few pounds and now the charges are mounting up.
I have 2 credit cards one is 0% for 13 months and i pay £43 per month and the other £10 per month i currently recieve income support what is the best way of reducing my debts i am tearing my hair out here. every time i try to reduce my debts they get bigger if i didnt have so many payments i could afford daily living expenses. i tried to get a loan but no luck.
my thought are with everyone who has debts

regards

thecrazy1_2

sorry forgot to say i also am a private tenant i am moving soon so hopefully i can cut some bills down i.e no telephone no insurance any suggestion greatly appreciated

Kandipandi

Thecrazy1

Hi, if you can look at some of the other posts on this forum you can see that if you post a SOE (statement of affairs) some fabulous people will be able to have a look at it and offer you some guidance, to help you see where you can make savings and what the best route to clearing your debt is. There is always an answer, so post your full SOA and waith for the help to come

deedee_3

As Kandi says it would be useful if you could pop up a SOA.

If you check out this link

http://www.makesenseofcards.com/soacalc.html

it will give you a template to follow and if you format it to MSE then you can cut and paste it here and people will be able to help you.

uncommonadvice

If you find the SOA intimidating, take a look at you bank statements and give us an idea of where your money is going