What now!

big_money_2

OK peeps, I am 26 year old male, just been made redundant from my job as a designer. I am currently in £11,000 debt with 6 credit cards. I live with my partner where we have a shared ownership mortgage.

What to do now, i know it must seem like a silly question. I have done my research and know of most options but just need a bit of advice to show me whats next.

Regards

andymc29

Without meaing to sound patronising... "get another job???"
You will have received some redundency money, does this tide you over utnil you can find a new job?
Can you transfer your credit card balances onto lower interest cards?

misspoppy

OK after you've got over the very patronising suggestion of looking for another job draw up a SOA and see how you and your GF are going to fair will you be able to meet all your out goings on one wage? Where can you make cut backs, will you need to start ebaying like crazy to keep you going. Explore any freelance opportunities that might come your way you could find out when your local networking group meet someone might need a little work doing.

Make sure you sign on because you will need the NI contributions even if you don't need the money.

If things are bad let us know and more help will be on its way

andymc29

sorry for my earlier response, it's just when someone says they've been made redundant and dont' know what to do, surely the first thing is to is get online looking at job sites.

Otherwise, good luck to you. Take the advice of people that have been around here much longer than myself.