My Situation

DVardysShadow

nickspurs wrote: »

I am trying to manage it by reducing it. Or reduce it by managing it well. Whichever way you look at it. By getting another 0% deal, it will help me pay off more as I am not paying interest.

Anyone got any ideas?

Yes. Do the Statement of Affairs. It is the route to the best advice - and without it, we can't understand your situation, so we cannot give much advice. The downside is that you will be told to get rid of Sky, change your mobile, wear glasses instead of contact lenses and a load of things you may be reluctant to do.

But the upside is that with the SoA, we can see how your debt is structured, how you got into it, how serious it is and how to get out of it.

Different people could come along with the information you have given us and depending on the rest of their affairs, the advice could be any of

• Make an IVA [akin to bankruptcy]
• Go on a DMP
• Change banks to leave an overdraft behind and save on fees
• Focus your payments on certain debts, get a second job and see the debt gone.

If the advice is to be a DMP, for example, it is better to give the advice quickly and get going with it because you recover from the damaged credit rating sooner