Time to Play The Game and be Responsible (not Significant)

GameOn_2

Hi everyone, another lurker here. Although very hit & miss lurking to be honest.

I feel really scared, :eek: to be tackling something as huge as my debt. But I take great comfort from the posts and the friendly helpful communications between you all.

How do you get those notes at the bottom about levels of debt etc?

I actually earn a lot of money but I have spent far more than I've earned and I've ran up debts on credit cards that I would really love to clear. I also have a debt with HMRC that is costing £1500 per month and will be cleared from my March 09 pay. In the meantime that makes it quite difficult to pay more than the minimum payments on the cards.

So I want to switch to lower interest cards but feel quite nervous about it,

10past6

Hi Game :hello:

Welcome to the forum:

GameOn wrote: »

How do you get those notes at the bottom about levels of debt etc?

If you mean SOA (Statement of Affairs) click here

savingholmes

To put a signature at the bottom of the post - you go to User CP up on the left and put edit signature - you can then type what you want in there.

If you post a statement of affairs using http://makesenseofcards.com/ then you will know for yourself exactly what you are dealing with - but also if you post it on here people can give you tailored advice. I know it is scary to do - as I did it in July! But I've saved a fortune since then and been able to pay off my debts much quicker... It would also help you to look at the snowball calculator at http://www.whatsthecost.com/login.aspx - that will show you which debts you need to pay off first. You need your apr and minimum payment info before you start. You also need to know whether you can change your payments (flexible) or if it is an inflexible loan where payments are fixed and early repayment penalties apply.

When I joined I was trying to pay of £800 a month but kept borrowing back another £400 . Now I am paying off more like a £1000 without borrowing back! I have had to make a number of lifestyle changes to be able to do that tho... there is a cost to dealing with debt but hopefully its a better price to pay that the one you get from ignoring it...

I didn't think I would be able to get 0% cards as I am a contractor but had no problems. If you've not been defaulting - you can get paid by cashbacksites to move your debt to interest free as an example a little while ago quidco were paying £30 for you to take a card with Egg, there are lots of banks who do this believe it or not!