Need to sort out my debts- CCCS?

BeenieCat

moozie wrote:

I could have understood this wrongly but your income is £858, your payments are £663 therefore you have £195 surplus.

If you look at the grocery shopping, cigs and entertainments maybe you can make some more savings and then use as much of that as possible to pay your higher interest debt first.

I don't know what your APRs are obviously but maybe you could look at transferring some to lower APRs...?

Sounds about right, though £195 isn't really that much when you take into consideration the fact i also have a 2 year old and a cat to feed :rotfl:
All of the interest rates are pretty shocking, so i just pay off as much as i can each month really, but i feel like i can't keep up with it sometimes.

moozie_2

As kathfisch said

kathfisch_ wrote:

You say that you don't know how much you spend on food, this is one area where people often find they can save a lot. Why not make a note of what you spend for a month, keep your receipts, that kinda thing. Then you can try to find areas to cut back on or find cheaper alternatives. Have a look at the money saving old style board, there are lots of discussions there about cheap eating and household things.

I think it would help you and your debt if you were more methodical about how much you paid each creditor. CCCS or Payplan will give you the best advice but if you continue at it alone, you may want to bear in mind that it's best to clear the highest APR first (LX Direct) and then tackle the rest in order. This is called snowballing and it really helps you pay the minimum interest under the circumstances.

BeenieCat

Thanks moozie and everyone else, i will keep trying to get in touch with CCCS and let you know:)

moxie_2

Do try Payplan as well, I'm with them and they are very good. Non profit making as well. Have a look at their website https://www.payplan.com I'm sure their phone number's on there plus lots of advice.