Advice Required For Debts

Bullman2000_uk

I currently have around 10.5K od debt which most of it is with Collection agents due to unforseen circumstances 2 years ago. Basically I would like advice on what to do as I am struggling to pay all of my creditors every month.

Total Debts are

£6,900 - Natwest Loans with a collection agent call FCM (I think)
£3,000 - Welcome Finance - Stupid thing to do I know!!
£300 - Capital One being collected by the horrible people Debitas whom I have never recieved correspondence from so cannot contact them
£700 - Halifax Visa being collected by Blair Oliver & Scot

I currently pay aroun £300 a month to these people but am struggling to survive on the money that I have left over with rent payments and commuting costs - £200 a month rent £200 a month train fair plus food and phone bill etc etc

I have looked a Debt Management Companies and went with one called Kensington Finance but refuse to pay 17% or whatever it is to them for paying my debts when I can use that money to actually pay them myself.

Does anyone know of any debt management companies who don't charge through the roof for writing cheques every month.

Cheers

Brassic

Hi there and welcome! Could you post a SOA (see the thread by SouthernScouser at the top of the forum for guidelines) so we can know where we can help you? I know there are debt charities (CCCS is one I think) which don't charge you, so there are options in that area too. I'm sure people more in the know will come along in a mo and you'll get plenty of great advice.

moozie_2

Hello and welcome

You are doing the right thing by wanting to take control of your situation :T Without the SOA as Brassic suggested, it's hard to offer you any advice. If you like to post it on here, we will be able to see if you can make any savings to pay off more of your debts and quicker.

Alternatively, contact any of the free agencies that offer debt advice and get them to give you some suggestions. CCCS, Payplan, national debtline and CAB are all free and highly recommended on this forum. Some are linked at the top of the page, but all should come up on google and you should be able to find your local CAB easily.

Best of luck.