My debt list so you can all help me

lisajayne_3

I am currently in debt with the following

Mortgage 75,000 with 20,000 loan on with it as consolidated pay £450 month

fashion world catalogue £35 pound pay £5 month
provident loan £500 pay £15 a week
over draft of 1000 approx
tele rent £23 pound a month
washer rent £26 pound a month

not major but its the over draft thats most annoying
find paying the bills no problem just living in the over draft that is the problem really

lisa

dudleyboy

Hi lisajayne

Welcome to the forum. Take a look at this thread on how to construct a SOA and we'll be able to help you tackle your debts in relation to your income and general living expenses:

http://forums.moneysavingexpert.com/showthread.html?t=107280

All the best,

DB x

newmoneysaver_2

Hi Lisa & welcome.

Have a look at this post by Southern Scoucer. It would give you a good idea of where/how to post a statement of affairs (list of all imcoming/outgoing/aprs/credit limits). This will be a good basis for all these good people to come along and offer you their good advice. All very useful too!

Good luck

black-saturn

Hi and welcome.

Yeh we need an SOA (statement of affairs) with all your incomings and outgoings on it. Then we can give you pointers as to where you could cut down and put the money you've saved on to the debt.

tawnyowls

In the meantime, might want to check how much you're paying with provident and the catalogue; might find they're the ones to clear as likely charging the most interest.
Washer rent rather wasteful - you could probably pick one up 2nd-hand for the cost of 3 or 4 months' rent. In fact, a brand-new one from Argos would cost you £170 - less than 6 months' rent (don't take out the extended warranty - waste of money). If you put the cost of that, your overdraft, loan and catalogue debt on 0% interest card, you could probably get them all paid off before the interest-free period expired.

david_hellier

Welcome! Your figures are useless without ALL your income and ALL your outgoings. Thats what they mean by an SOA (Statement of Affairs). Put them up and there'll be loads of help.