getting started

sambez

how can i raise more money each month to try throw at the debts and reduce them. as i think if we don't the only other option is bankruptcy and i would lose everything including my jobs.

sam

GeorgeUK

Short of getting a part time job, i'm not sure how you can increase your income.

If you are usually getting more than the £600 minimum you stated, this at least reduces the £680 deficit you have each month.

Can you list all your cards (what they are) and the APR's? I think you may want to try to get some 0% cards to try to reduce the interest and if possible the minimum monthly payment amounts. Virgin money are offering 0% for 16 months (min payment £25 from 2nd month) but you may not get this if you already have a MBNA card. Might be an idea to state what cards are yours and which are OH's - he may have a better chance of getting a card with the higher income.

Edit: You can have about 3 credit checks in a 6 month period before your credit score is affected. If you are turned down for a card, don't just keep applying. If you haven't already looked at your credit file, you can do so free at experian (if you cancel within 30 days). You will be able to see here when the last credit check you had was and how many you have recently had.