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Facing up to our credit card debts.

mistrey
mistrey Posts: 138 Forumite
in Debt-free wannabe
Hi my husband and I have finally faced up to our crippling debts today. We owe around £18,000 on credit cards, much of this was from before we got together. At the moment we pay around £900 a month off these and it is killing us. Ages ago I saw a tool on this site regarding how to clear off credit card debts by paying highest interest first, but now I can't find it. Can anyone help? Please, we are desperate.

Thanks
Wins 2009:Total : £2500 :j
First they came for the crack users; but I said nothing. I was not a crack user. Then they came for the heroin users. But I said nothing - I was not a heroin user. Then they came for me. There was no one left to speak for me. (after Pastor Niemoller)

Comments

  • carrottopsuk
    carrottopsuk Posts: 395 Forumite
    http://www.whatsthecost.com/snowball.aspx?country=uk

    I don't know if this is what you were looking for :D
  • GeorgeUK
    GeorgeUK Posts: 7,737 Forumite
    That'll be the one.

    I'd also suggest posting up your statement of affairs (SOA) incase there are any savings that can be made in your expenditure or if we can shiffle some of your card balances to reduce the amount of interest you are paying.
    https://www.makesenseofcards.com/soacalc.html
    After falling off the gambling wagon (twice): £33,600 (24,000+ 9,600) - Original CC Debt: £7,885.91

    Dad Gift 6k ¦ Savings & Inv Tst: £2,500
    Loan 10k: £0 ¦ Dad 5.5k: £2,270 ¦ LTSB: £0 ¦ RBS: £0 ¦ Virgin £0 ¦ Egg £0

    Total Owed: £2,270 (+6k) 11/08/2011
  • laura2481
    laura2481 Posts: 4,305 Forumite
    1,000 Posts Combo Breaker
    http://www.moneysavingexpert.com/cards/cut-credit-card-interest

    This is the one- working for me. Gone from 4 cards to 2 in 9months. Good luck! :)
  • mistrey
    mistrey Posts: 138 Forumite
    Thank you people. I'll post my SOA as soon as I work out how to do it!! I'm very new to this!
    Wins 2009:Total : £2500 :j
    First they came for the crack users; but I said nothing. I was not a crack user. Then they came for the heroin users. But I said nothing - I was not a heroin user. Then they came for me. There was no one left to speak for me. (after Pastor Niemoller)
  • Tr@cker
    Tr@cker Posts: 532 Forumite
    George where did you do the gambling, on line ? Hope you're back on track, i had a lapse today after 10 months abstinence-which just goes to show the danger is always lurking.
  • GeorgeUK
    GeorgeUK Posts: 7,737 Forumite
    Tr@cker - yes, it was online. Did ok with poker then moved on to casino - big mistake. Relapse was went back to poker freerolls and noticed i could play blackjack from the poker program. Panic betting followed, but i've not bet for about 3 months now - i know i now have no control once i start. I now keep a diary here and post on the gamblers support thread - drop in sometime.

    Mistery - if you go to the SOA calculator, fill in the details for monthly spending (try to make it as close as you can to what you actually spend per month - yearly stuff just divide by 12). Once it is filled in, press calculate and then MSE format so you can then copy and paste the details from the window that pops up. Just paste it into the message box as you would if you were replying to a post.
    After falling off the gambling wagon (twice): £33,600 (24,000+ 9,600) - Original CC Debt: £7,885.91

    Dad Gift 6k ¦ Savings & Inv Tst: £2,500
    Loan 10k: £0 ¦ Dad 5.5k: £2,270 ¦ LTSB: £0 ¦ RBS: £0 ¦ Virgin £0 ¦ Egg £0

    Total Owed: £2,270 (+6k) 11/08/2011
  • halight
    halight Posts: 3,629 Forumite
    Part of the Furniture Combo Breaker
    Hi,
    Good luck with paying off your cards,
    Why dont you take a loook at the up your income borad and also the money saving old style borad some great tips on both.
    Good luck
    :jYou can have everything you wont in lfe, If you only help enough other people to get what they wont.:j
  • maytaurus
    maytaurus Posts: 2,115 Forumite
    JUST REMEMBER.......

    LIGHT_AT_END_OF_TUNNEL%2B%2B%2B.jpg

    The problem is some tunnels are very long :o :eek:
    The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane[FONT=&quot] —[FONT=&quot] Marcus Aurelius[/FONT][/FONT]
  • halight
    halight Posts: 3,629 Forumite
    Part of the Furniture Combo Breaker
    maytaurus wrote: »
    JUST REMEMBER.......

    LIGHT_AT_END_OF_TUNNEL%2B%2B%2B.jpg

    The problem is some tunnels are very long :o :eek:



    I like that:j
    :jYou can have everything you wont in lfe, If you only help enough other people to get what they wont.:j
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