Struggling with my debts

chalky1_2

Hi i'm 29 and been getting out of touch with my debts since i started working at 16!
I've had the same job since school and if only my boss knew how much debt i'm in it would shock him!

I first started getting a credit card(worst move i could have made)to put a lads holiday on and from there things have continued to carry on the downward spiral since.
I got a loan to pay off my card,then got another consolidation loan and another credit card etc etc.
I did get one final consolidation loan of £15000 2.5years ago and have 11 months left of this,repaying £372 per month.

I am renting a property with my girlfriend and to cover all bills,gas electricity,rent etc i am paying £400 a month.
I have at present £8376 outstanding on 3 different cards:

Halifax:£1425 outstanding,limit £1700 minimum payment £30
Sky :£3035 " " " £4000 " " " " £78
MBNA :£3916 " " " £4000 " " " " £104

None of these are at a 0% rate but were when i applied for them.
The cards are my biggest worry to be honest,as i'm only paying the minimum off these each month and can never see the outstanding amount getting somewhere near the end.
I have tried to apply a few months back for a 0% balance transfer for at least one with the balance of £3k but got refused.

I take home around £1100 a month but obviously don't have much left at all once the above is taken into consideration.

I'm not sure what to do next so any advice would be much appreciated

Regards

Chalky1

Mrs_Sparkle

Welcome to the site! First we need to see an SOA- see the sticky at the top of this board. We'll have a look at this and advise you where you can cut back.

You have taken the most important step now and you can say you've had your "lightbulb moment". Providing you really want to change we can help you do it so you're in the right place.

james32_uk

Well done for recognising your problem before it gets out of control. Not many people are clever enough to do this! Dont throw your chance away act to clear your debt in the shortest time possible. Post an SOA here and people will be all over ways you can cut down expenditure and so have more money left to throw at your debt. Use the snowball method to get your debt down asap and you could be debt free in no time!

Good luck!