Just need some advice 21 year old student and in debt!!

littlepinkstars44

paybacktime2008 wrote: »

You need to find out the APRs of the debts. This is really important. Your £100 to your overdraft could be better spent on the other debts.

I live with my mum so i don't buy food. My phone contract is only meant to be £40 (i have a blackberry, and it's the lowest contract they have, stuck with it for another year!) But my bill is usually between £50-£85
No that £100 is how much i spend on clothes a month

I need to pay £100 to my overdraft or the debt collectors will be at my door/ bank of scotland will take me to court!

littlepinkstars44

Gemmzie wrote: »

You need to or your debts will just keep growing because the APRs on the store cards are probably about 30%!

But i don't use my storecards to buy the clothes though!

Gemmzie

The money you are spending should be paying off your cards though.

If you go out and spend £50 on clothes, then that's £50 you aren't paying off your storecards, so that's costing you more because the interest is adding up

~Beanie~

littlepinkstars44 wrote: »

I know, but i just can't help myself when it comes to Topshop and Mac! lol

You either want to tackle your debt or you don't. If you are serious about it then you need to:

- Stop spending £100 per month on clothes
- Stop spending £50 per month on make-up (seriously? What on earth do you buy???)
- Cut your mobile phone bill.

You already admit that you have at least one debt that you are not paying anything towards, do you realise what this is doing to your credit rating? It may not bother you now but late payments / defaults etc will stay with your for 6 years and could prevent you from getting a mortgage, a car loan, renting a house, getting a credit card etc etc

Two months without buying clothes and makeup will get rid of the £220 catalogue debt that you are currently paying nothing towards.

You are asking for advice yet don't seem to be taking any of the advice that people are giving you

vegankris

littlepinkstars44 wrote: »

I know, but i just can't help myself when it comes to Topshop and Mac! lol

What about trying charity shops or supermarkets for clothes and cheaper makeup like superdrug own brand or eyeslipsface online store, but only when you need to replace them? You can pick up some really nice, good quality stuff for much cheaper prices than those in the shops you've mentioned.

littlepinkstars44

~Beanie~ wrote: »

You either want to tackle your debt or you don't. If you are serious about it then you need to:

- Stop spending £100 per month on clothes
- Stop spending £50 per month on make-up (seriously? What on earth do you buy???)
- Cut your mobile phone bill.

You already admit that you have at least one debt that you are not paying anything towards, do you realise what this is doing to your credit rating? It may not bother you now but late payments / defaults etc will stay with your for 6 years and could prevent you from getting a mortgage, a car loan, renting a house, getting a credit card etc etc

Two months without buying clothes and makeup will get rid of the £220 catalogue debt that you are currently paying nothing towards.

I buy Mac actually, and £50 is just an average, usually it's more than that when their new collections come out (i just bough their Christmas 4 piece brush set (£40) and an eyeshadow palette (£30) Also all my skincare is from Clinique.

I can't reduce my phone tariff, i have already tried i have a Blackberry and i'm on the lowest tariff they have!

littlepinkstars44

vegankris wrote: »

What about trying charity shops or supermarkets for clothes and cheaper makeup like superdrug own brand or eyeslipsface online store, but only when you need to replace them? You can pick up some really nice, good quality stuff for much cheaper prices than those in the shops you've mentioned.

Thanks, i have tried cheaper brands and their pigmentation is horrible! Their eyeshadows are powdery and crease, they don't last me from 7am-10pm, which is what i'm usually out the house for! (college from 9-3:30 work 5-10)
I do like a few other cheaper brands though, boujouis, GOSH, L'oreal etc

paybacktime2008

Gemmzie wrote: »

You need to or your debts will just keep growing because the APRs on the store cards are probably about 30%!

What this means is for example. You bought a pair of boots for £100. By this time next year those boots will be costing £130 with the interest added on. Next year £170, Next year £221.

littlepinkstars44

paybacktime2008 wrote: »

What this means is for example. You bought a pair of boots for £100. By this time next year those boots will be costing £130 with the interest added on. Next year £170, Next year £221.

oh right, i didn't realise that!

~Beanie~

littlepinkstars44 wrote: »

i just bough their Christmas 4 piece brush set (£40) and an eyeshadow palette (£30) Also all my skincare is from Clinique.

You don't seem to get it though - if you are serious about tackling your debt, you CAN'T AFFORD to pay £40 for a 4 piece brush set and £30 for an eyeshadow palette!!!

I like Clinique skincare but at the moment unless someone buys it for me for christmas or a birthday, I can't afford it as I would rather get rid of my debts.

You have to get your priorities right.