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Please help me with my debt :)

Marioman
Marioman Posts: 1 Newbie
in Debt-free wannabe
Hi everyone

Im currently trying to cut my spending and clear my debt from spending wrecklessly

I have an overdraft of £450 and a credit card debt of £1600

Whats the best way to pay this off?

thanks

Comments

  • shaven-monkey
    shaven-monkey Posts: 651 Forumite
    as soon as you can...
    "Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves." - Norm Franz
  • skaps
    skaps Posts: 2,255 Forumite
    If you post a Statement of Affairs then people will be able to help you to cut down on different areas - try this one http://www.makesenseofcards.com/soacalc.html
    MFW 2016 No 68 £1300/£8500 No new toiletries Cook sth different
  • Tixy
    Tixy Posts: 31,455 Forumite
    Hi Marioman

    To repay your debts then you either need to increase your income or reduce your outgoings to free up more money to pay towards your debts. As skaps says if you post up a statement of affairs to show what you are currently spending then we may be able to make suggestions.

    Which has the largest APR?

    Do you have any items you can sell that you no longer use or need than you can use to put towards your repayments.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
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