Lightbulb moment

crisis_management

Guys

I'm new to this and to be honest I'm embarrassed to start posting. I've spent the last 10 yrs getting deeper and deeper in debt, and I reckon I owe about £140,000 at present. I can still meet the minimum payments, but after reading your posts I've now realised I have to deal with the situation, and right now. I've listed my debts, and prepared a budget which I've managed to stick to for a month (about a third of my usual spending). It'll take me years to get out of this, but I want to thank you for helping me get started.
Hopefully by posting here it'll help my resolve (my face is burning as I type!).

Thanks again

Crisis

grumpyoldgit_2

Go for it mate

Good Luck
:T

elona

There is nothing to be embarassed about - you have realised there is a problem and you have made a plan to solve it and have started to do so.

You should be really pleased at how well you have done in a short time.

Have you read the money diet and the advice to pay off the highest interest debts first if you can?

Bathsheba

You've taken the first mega-step in "coming out", Crisis. I take my hat off to you. Well done - I'm sure you will find much inspiration here over the months and years to come.

Willsnarf1983

crisis_management wrote:

Guys

I'm new to this and to be honest I'm embarrassed to start posting. I've spent the last 10 yrs getting deeper and deeper in debt, and I reckon I owe about £140,000 at present. I can still meet the minimum payments, but after reading your posts I've now realised I have to deal with the situation, and right now. I've listed my debts, and prepared a budget which I've managed to stick to for a month (about a third of my usual spending). It'll take me years to get out of this, but I want to thank you for helping me get started.
Hopefully by posting here it'll help my resolve (my face is burning as I type!).

Thanks again

Crisis

Welcome bud, if u want to see if people can help u cut it down that little bit more i wud suggest that u post ur outgoings on here as well as ur income. Also look at trying to flog what u can on ebay, £140k is a shed load of debt to be in and u prob need to talk to someone bout it if not just to stir u crazy!!!

mine is only a tiny debt comapred to urs but i am sure that the great people on here that have been in a more comparable position like urs will come along and help out!


Will

Magentasue

Well that's the hardest part over! :j

bazzaang

best of luck mate i have just recently had my light bulb moment but there is plenty of great people to support you

Lots of great advice to be had as well

Good luck mate

southernscouser

Hi Crisis,

If you want to post a SOA on here we will all be willing to throw our thoughts towards helping. There maybe something you missed, haven't considered!

Take a look at this thread and post back here.

http://forums.moneysavingexpert.com/showthread.html?t=107280

And I know how you feel. When I first posted my debts I to felt embarrased, ashamed, stupid, but you are not the first and unfortunately you won't be the last.

crisis_management

Thanks folks; I have read the bit about paying off the highest interest bits first, and I'll try to do that. Unfortunately I don't think I would be accepted for any 0% cards, and I don't want to further damage my credit rating by applying.

Crisis

southernscouser

Don't know if you've seen it before mate but this calculator is excellent.

http://www.whatsthecost.co.uk/snowball.aspx

tee_pee_2

how very brave of you to go online and make that statement. You should be so proud of yourself. With all that debt though maybe you should have a clear out, get some of it on Loot. I have sold loads of stuff on there. Or maybe do a car boot.