Advice On What I Think Is 50,000 Owed Pls!

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Ok So I Think I Owe About 50,000 Me And My Husband, This Is Broken Down To Credit Cards Overdrafts Bank Of Dad And Student Loans.

Heres The Second Thing We Are Moving Out Of My Parents Next Week Into Our Own Place And I Really Wanna Sort Out Our Debt Now We Will Be On Our Ow Once More.

My Oh Works Full Time And I Have A 6 Month Old Daughter.

I Guess Im Looking For Some Help And Advice On How And What To Do . I Cant Really Do A Soa Yet As I Have No Idea What Things Will Be Costing Us In The New Place And We Still Have A Week To Buy Sofa, Fridge Etc.

Ive Read Many Of Your Diaries And Im Hoping I Will Be Able To Do Something Like That To Help Us Sort This Out.

Also We Are Meeting Out Payments Every Month So I Dont See A Need To Contact Any Debt Agencies Etc

Thanks For Your Time, Any Help Advice, Whatever Welcome. Thank You!

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Quick Estimate If Debt
Cc
10,000
Overdrafts
10,000
Dad
10,000
Student Loan
23,000

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So Total Debt At Lbm Estimated At £53,000! Ouch

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Anyone Out There?

trina2010

i think your next move must be to fill out a SOA to give us the full picture.

also are you sure with this amount of debt its the right time to think about moving out and spending more??

but SOA will be the next step forward to get some good advice

HEAD-IN-SAND_2

Yes Im Afraid We Have To Go We Have No Choice Its Not An Option To Live Here Anymore

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Al Try And Do An Soa Tomo But As We Dont Pay For Anything While Stayin Here Except Baby Stuff And Food Its Going Be Hard, Over The Next Week We Rae Going To Be Spending Much More As Well As There Are Some Essentials For The House We Must Get. Like A Fridge And A Washer.

trina2010

well this being the case i dont think there is much advice i can give at this point in time until you know your spending.
other than to say why not try some of the ideas on the boards, grocery challenge, old style cooking, sealed pot, NSD, make £10 a day, doing clicks, cashback, free scratches etc.

stick to your limits, dont spend a fortune on furnishing this new place and bankrupt yourself.

like i say theres not much i can say without knowing incomings and outgoings.

good luck though

~Beanie~

As others have said, an SOA is essential if you want any help. Guesstimate what you think the bills will be if you don't actually know, people on here will soon put you straight on what you should be paying and then you can amend it.

£53K is an awful lot though if only one of you is working. If you have managed to rack that up whilst paying no rent/bills then surely it can only get worse when you do have to pay these things? Have you spoken to one of the debt charities or even completed the online debt remedy on the CCCS website?

http://www.payplan.com/
http://www.cccs.co.uk/

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Thanks For Your Time Anyway Just Knowing Someone Responds Makes A Difference Been In Deby Can Make Yu Feel So Alone!

~Beanie~

You are definately not aone on this site, there are plenty of people in your situation - if not worse!!