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Where do I start?

Hi all

Well the time has come and I cannot live in debt anymore but the thought of trying to sort this out myself is overwhelming!!

Can anyone let me know where to begin so I can get some advice?

Many thanks
Getting there - slowly!;)

Comments

  • GeorgeUK
    GeorgeUK Posts: 7,737 Forumite
    Hi Iwah.

    Best place to start if you are in debt is to get all the data together to see how much you have available to start tackling the debt and see if there are any areas where you could make savings. If you post up a statement of affairs, we should get a better idea of what debts are the priorities, whether you need to speak to one of the free debt charities who can help if you are unable to meet your payments and if it is possible to reduce your debt by paying less interest on the debts.

    http://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
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