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stuck in a debt spiral

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clairemc_4
clairemc_4 Posts: 3 Newbie
in Debt-free wannabe
hi my husband and I have got in a position of having over £25000 worth of debt on credit cards, overdrafts & loans. we have tried to get one loan to pay it all off but get refused due to credit scoring.
I get so worried as I can't see how we can get out of this spiralling situation - any suggestions very gratefully received. thanks

Comments

  • Tixy
    Tixy Posts: 31,455 Forumite
    Hi Claire

    The best starting point to help you see your full finances and for us to offer advice is to start by writing out a detailed statement of affairs. If you use this form http://www.makesenseofcards.com/soacalc.html
    you can then post the results on here (choose the format for MSE option) to see what the regulars may be able to advise and what alternatives you have.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
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