Advice required

niallanicolson

Hi guys I am a new poster to this fab site.

I am looking for advice if possible.

I am 27 and was a silly boy 18-22 not understanding credit cards etc.

I now find myself at 27 with a credit card maxed at 3600, and overdraft of 550 and I am also paying £100 per month for a join morgage.

I am able to pay monthly but always find myself skint despite working hard. I come out with around £1200 per month but due to job I have to run a car which does not come cheap.

I dont know if I am right or not but should I transfer all my debt into one or ???

any advice would be great

linz

Hi and welcome,

First thing to do is fill out this Statement of Affairs, which lists all your incomings and outgoings. Then the people on here can see where you can cut back.

Make sure you click for the MSE format

http://www.makesenseofcards.com/soacalc.html

Tixy

Hi and welcome

As Linz says it would be a good start to write out your statement of affairs, that will help you and us see your full situation.

Generally consolidation loans are rarely recommended on here but once we see your finances in detail we can see what options are suitable for you.

miss_missy

hi
well done at least your now asking for help to sort your debts out agree with linz get that soa done and youll be surprised just how much people can help

found_a_bargin

As Linz said above, post a SOA and people on here will soon be able to help you cut down with loads of great ideas..

One thing to think of is if you do decide to consolidate cut up the other cards and close the accounts, as i for one had consolidated only for a couple of months later to spend on the empty card and be in a worse position..