staring into the debt abyss

frehley

Am new to the site, only just told loved ones about my situation and now feeling 'where do I go from here?'
I have £6000 on a cc, £1800 bl, £3750 od at my bank- Natwest that I could really do with some friendly advice about. I also owe £1500 rent arrears, and £285 council tax.
Like everyone else out there I have a story how I arrived at this point but now am just focusing on a way out of this situation.
Can anyone who's been here offer any ideas as I don't know where to start. My monthly income is £1280 net, my monthly outgoings - bills, rent, no luxuries, are £1210. please can anybody help me!

colin13

go to your local CAB they can offer free debt advice,,and help u with setting up payments plans for ur debt,,the main priortites r rent and council tax gas and electricity,,all ur credit cards will b un secured so all they can do is hound the life out of u,,thts where CAB come in and deal with the debt companies

good luck do not bury ur head in the sand , every 1 here is in similiar postion or just getting out of it good luck

cifpower

post a thread here:

http://forums.moneysavingexpert.com/forumdisplay.html?f=76

they will help you out

Kimitatsu

Forget the cc, bl and od write to them and offer token payments of £1 a month. Open a basic bank account somewhere else and concentrate on paying off your rent arrears and council tax - they are the important ones, if you dont pay those they you could lose your home and be imprisoned for non payment.

As cifpower has said, post a statement of affairs on DFW board and they will give you some ideas as to how to cut your costs.

Jemma-T

frehley wrote: »

I also owe £1500 rent arrears, and £285 council tax

These are the only ones you REALLY need to worry about. Get them sorted and the others can wait in the queue.

Good luck and get plenty of advice and if still unsure get more advice here or at your local debt couselling

JesseJames_2

frehley wrote: »

My monthly income is £1280 net, my monthly outgoings - bills, rent, no luxuries, are £1210.

Is there anything here you can reduce, e.g. switching your gas/electricity, phones, or any other stuff you can reduce?