Help! £7k in debt!!!

mortgagehelp_2

I need your help please, I owe the following and not sure what to do or who to turn to.

Lloyds TSB (credit card) £4000
HSBC (Overdraft now with DG Solictiors) £1000
A&L (Overdraft) £350
Littlewoods Catalogue £250
Payday Loan £500
Tax Credits (over payment) £1000

I can only afford to pay back £100 a month in total. ARGH!

Any help would be lovely.

complimentschemistry

Hi MortgageHelp,

Try speaking to a free debt charity like CCCS for some help. They know what they are talking about so can offer the best advice for you.

Hope this helps

Tixy

Hi

Are you up to date with repayments on these items so far (aside from the overdraft with solicitors)?
The first piece of advice would usually be to draw up a financial statement of affairs to see your full situation. http://www.makesenseofcards.com/soacalc.html If you post the results on here you may find people can suggest ways to free up other cash so you can afford more than the £100. Or at least we will see your full situation to see what solution might work for you.

Have you been in touch with any of the debt charities? - https://forums.moneysavingexpert.com/discussion/2077631

Little_Miss_Uni-Debt

Hi,

Do you know what the interest rates on the cards are? You can then see what you need to pay off first!