Debt Free in 2009 support thread

jessica4

Hi,
I am new at this but am hoping someone on here can help?
I am 25 years old and have been stupid with credit since I was 18, I've got various creditors, so many I don't even know who they all are or what I owe.

As I am now sick of the daily letters and CCJ's against me I want to look at clearing my debt but I can't afford much and don't know where to start!!

I just want my credit to better for the future.

Please help.

Jessica

clearing_out_my_pockets

Jessica, you're probably better off starting your own thread. When you do, people will ask you for an SOA (statement of affairs) which lists all your incomings and outgoings. What I'd suggest you do is sit down tonight with a glass of wine, go through the pile of unopened bills & letters and work out what you owe. Once people have a better understanding of what the scale of the problem is, we can start to help


I'll be back in a mo with the SOA link

x

clearing_out_my_pockets

Here we are...

http://www.makesenseofcards.com/soacalc.html

Sometimes just writing it all out makes things seem clearer.

The_Dragon

jessica4 wrote: »

Hi,
I am new at this but am hoping someone on here can help?
I am 25 years old and have been stupid with credit since I was 18, I've got various creditors, so many I don't even know who they all are or what I owe.

As I am now sick of the daily letters and CCJ's against me I want to look at clearing my debt but I can't afford much and don't know where to start!!

I just want my credit to better for the future.

Please help.

Jessica

Hi Jessica

I'm sorry you ended up in such a state but you CAN get out of it, stage one is not nice, you need to find out exactly how much you owe and which cards/loans etc have the worst rates.

Secondly try writing to all the creditors and seeing if they will freeze the interest so you can start paying it off, in the meantime work out a budget so that you can work out how much you can afford to pay each month/week depending on when you get paid (do allow yourself a small amount of leeway for the occasional treat other wise you will crash and burn!).

Can you find anything to Ebay etc or get a small 2nd job anything to start bringing more in than you are paying out. Also try looking at the Old Style board for help with cheap meals etc

slig

Good to see you back Mizmir.

19 days til I'm debt free! :beer:.

The_Dragon

slig wrote: »

Good to see you back Mizmir.

19 days til I'm debt free! :beer:.

Ooh champagne corks popping at the end of the month then!

Broken_hearted

slig wrote: »

Good to see you back Mizmir.

19 days til I'm debt free! :beer:.

!9 days well done

stacyl1977_2

Broken_hearted wrote: »

!9 days well done

How long has it taken you to pay off £18,000 slig? Well done :T

slig

Thanks guys, will you join me for a mini party in here on the big day?

Stacy, my debt wasn't £18k (fortunately), it was just under £6k. I've been paying it off since October 2008.

bluestaff

Hi everyone sorry i avnt posted for a while. Well i was hopin to be debt free by june 09 but unfortunatly iv not been able to clear it. As u all no there is always something ready to pop up its ugly head.
Anyway as much as i would av liked to clear my debt by june 09 i would like to change my month to December 09 if this is ok.
My total is £1885 as of today. thankyou