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Pay off credit cards
1stas
Posts: 2 Newbie
I have 4 credit cards all up to their limits of a total debt of £30000.
What would be the cheapest and quickest way of getting rid of this debt.
I have a mortgage but cannot get a loan on this and I do not want a secured loan.
Any suggestions please!
:eek:
What would be the cheapest and quickest way of getting rid of this debt.
I have a mortgage but cannot get a loan on this and I do not want a secured loan.
Any suggestions please!
:eek:
0
Comments
-
Even if you were to get a loan of some description, that's not getting rid of the debt is it? It's merely shifting it, so not really a long-term solution.
If you want to get rid of it, there are no magic solutions.
Basically you have to up your income and/or cut back on your monthly outgoings to free up some money. Then throw everything you can at the debt and slowly but surely you'll pay it off.
Start by doing an soa and posting it back here.
Then people can make some suggestions for you.
http://www.makesenseofcards.com/soacalc.html0
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