lost in debt

catter21

have just told my husband that we are 13000 in debt with a credit card and store card and have a loan for 7000 have been payin the minimun each month but need to sleep at night we have some shares that we could cash in to pay some of the debt but not sure what step to take we would have to transfer some to a 0% balance transfer can anyone advise fell at rock bottom

bumblebee87_2

if you post up an SOA it will be easier for people to advise you on if you are spending too much in some areas and see what your monthly cash flow is like.

i have had some great advice so far x

cady

yeah get a cuppa and work out a soa then some great people will stop by and help you out and dont panic there is nothing that cant be sorted out!!!

doodledo_2

Hi and welcome to the board :j

Like the others have said the best first step is to complete a SOA (Statement of Affairs). This is a list of all your incomings, outgoings and debts.

This is a really good starting point. I will post a link for a SOA you can do online and copy on to here http://www.makesenseofcards.com/soacalc.html