18 Year old in a bit of debt please help

jadetaylor1990

To many people it may not seem like alot but to an 18 year old i am SCARED STIFF.
i owe
£1000 on a credit card
£300 overdraft
£200 store card
£200 on another store card

I do work but i am struggling to pay =[
I have just found out today i have to pay HSBC £90 in bank charges also
I am really worried and pretty down

can anyone help?

Jade

worried80

Welcome to the forum. You will find loads of support on here. We are here to help.
Its so important to talk to people, and get as much support as possible.

Whats your income? Are you up to date with all your payments?

Smamfer

Hi there...( hugs)

As others will tell you you are at the right place now and as martin said... there isnt a debt that can't hasnt been dealt with.

The first starting point for you and for others to help you will be to do your soa which is a statement of accounts.

Note down everything coming in and everything going on... then people will have a look and see if we can put your finances in some point of order.. Whatever you do dont be afraid to be honest and state everything, noone is here to judge, only to help

xxx

jadetaylor1990

I earn £230 a week
I get paid weekly which is why i am struggling. I got treated badly at my last job and left leaving me a month without money which is how i missed payment on store card.

mcjordi

hiya and welcome post your soa and we'll see what we can do

jadetaylor1990

Gosh i am new lol
what is soa :S

xx

worried80

Its your Statment of affiars - where you can list all your incomings and outgoings. I think there is a thread somewhere where you can download one, one of the others i'm sure will point you in the right direction for it - i haven't a clue where it is!!!

doodledo_2

Hi and welcome to the forum.

Well done for taking that first step and admitting you have a problem.

First thing to do is make sure you stop spending on these cards so that these figures do not go up.

Post your Statement of Affairs, this lists all your outgoings, incomings and debts http://www.makesenseofcards.com/soacalc.html this link will help you, once completed posted it on here so we can see if there is any room for reducing your outgoings.

IS there any capacity for you to raise some extra cash? Second job maybe or selling bits on Ebay.

Good luck with your journey and keep posting

paybacktime2008

Its here www.makesenseofcards.com Good luck

jadetaylor1990

I dont really have anything to sell to be honest
My boyfriend has my credit card so i dont spend
and my store cards are cut up

Smamfer

jadetaylor1990 wrote: »

I dont really have anything to sell to be honest
My boyfriend has my credit card so i dont spend
and my store cards are cut up

this is a great first move, you bring in a decent amount of money but as we said we need to know what goes out and what comes in down to the last penny so we can see if you are spending money on something that either could be less or could be completely deleted from your finances