Confused about my options - My first post!

Everhopeful09

Hi,

First time I'm ever time I've ever written on a forum! So here goes.

Finally admitted to a mate how much in debt I am and sat down and went over all my incomings/outgoings etc...basically got myself in a right pickle and just going round in circles and I don't know the best option to take to get out of it! Feel slightly better for telling someone

Basics are debt - £9K, made up of the following:
HSBC Overdaft - £1,500
Nationwide overdraft - £1,450
Nationwide Credit Card - £1000
Egg Credit Card - £995
Egg Loan - £2,350
Tesco Credit Card - £1,000
Parents - £900

Income - £1013.13 pa (after tax) (£15k pa)

I'm struggling to make even minimum repayments on some and direct debits have bounced causing £30 bank charges each time which does not help. Think I have wrecked my credit rating and don't want to make it any worse.

Its all over the place and I want to gain control of the situation so not scared I'm going to find bank letters on the doorstep.

Any help or advice would be great!

GeorgeUK

Welcome to the board

There a re a few things you may be able to do, but first of all i suggest you post up a statement of affirs, detailing your income, expenditure and debts. From there we will be in a better position to advise nad hopefully also spot some areas in which you could make savings.

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

Everhopeful09

Hi,

Thanks, will look at tonight, as in work and best get on with some!