Advice Please

RinTin_2

I currently am £23965.92 in debt:

Egg £6213.15 (15.9 APR)
Cahoot £9935.34 (11.5)
Overdraft £3785.34 (17.1)
Business overdraft £4032.09 (17.1)


I have no idea how I can start to reduce these debts as I currently pay £3467.2355 a year in interest even before I start to make any difference on the actual payments. I am not very good at doing the maths ( a friend helped me put these figures together on a spreadsheet) and can read all the different offers available until I'm blue in the face but still don'tknow how to move forward. I also pay heftly bank chareges each month and don't know if I should take out another loan to consolidate the above or what. Any advice much appreciated.

Confused and worried

amosworks

Hey there,

Well I think you came to the right place Don't worry, there are lots of gurus here who I'm sure can help you

What's your income though matey?

It would also be helpful if you could detail any other outgoings you have, rent/mortgage, car payments, groceries and that sort of thing etc.

Cheers, and well done on taking the first step

shazzer22

Don't rush to get a consolidation loan, wait til some fully fledged money savers pitch up and i'm sure they will offer stacks of advice!

Good luck

shazzer22

Is egg and cahoot credit cards or loans?

aHullKingstonRover

Are your personal finances and business accounts kept distinctly separate? Do you use an accountant for the business side of things e.g. to balance the books and for other things such as to calculate out how much tax you owe the Inland Revenue?