newbie alert- overall advice needed please.

MollyLolly

Hi, im new!

I have realised that i MUST get rid of my debt and i need to start doing it ASAP. does anyone have any advice on how to get rid. i would like to be debt free with 4 years.

i have:
Personal Loan for £13k with 46 repayments left
Egg C/C £4800
Virgin £4500
M&S £1700
Hsbc £500
Tesco £300
Next £130

everymonth i pay out £530 approx in repayments. i get a salary rise in sept upto £28500.

anyone have any ideas - i am finding myself using the CC at the end of the month. I know there are things to stop like the odd silly purchase here and there but i dont know what else to do.

i have tried to re neogiate my PL as the interest rate is 14.9 but they are offering 8.7 - i applied but application has been referred to the underwritters - i have checked my credit report - everything is fine using up 47% of available credit. wondering why i had been referred and wondering if you tell me any ways to get out of debt the faster the better.

p.s i dont smoke or have any luxuries of any major signifigance.

thanks for reading.

RAS

Hi

You really do need to do a proper SOA here http://www.makesenseofcards.com/soacalc.html

List the APRs, limits and monthly payments on your credit cards and store cards and the mothly payment on the loans.

Do you have PPI on the loan?

Numpty_Monkey

Welcome along Molly Lolly:hello:

I agree with RAS (who is one of the very very very clever ones:T:A)
The SOA would be very usefull, It helps us spot things and between the lot of us we can help
:A