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plz help

hiya i am 21 years old i really need some advice i am in 3500 debt i was 18 and stupid and i no this now i owe the following 900 to orange for disconection and 600 to 02 again for disconection 1000 to provident 500 to halfords and 500 to club books i have really tried to pay this back but i am only in part time employment and bringin in 400 a month and i just cant seem to make ends meet please give me some advice :(

Comments

  • Can you go full time?
    Debt at 1/1/11 £7,049.75, now £6,682.12 at 9/3/11
  • lvm
    lvm Posts: 1,544 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    First things first - don't worry, it could be a lot worse. Yo have done so well to identify your problem at this stage. I was probably in the same situation when I was 21 (3 years ago) however didn't really pay much attention and that £3.5k is now nearer £10k.

    First thing to do is complete the SOA (Statement of Affairs) - you can find the link at the top of the DFW board. This will help see where exactly your money is going and what is left to pay your debt. The £1, 500 to Orange and O2 - do these actually charge interest? If not, they're not really your priority.

    Would be good to know if you have any late payments or if you've defaulted on any of these yet as well as it's best to try not let this happen. Post your SOA and we can have a look at your options...
  • k21 wrote: »
    hiya i am 21 years old i really need some advice i am in 3500 debt i was 18 and stupid and i no this now i owe the following 900 to orange for disconection and 600 to 02 again for disconection 1000 to provident 500 to halfords and 500 to club books i have really tried to pay this back but i am only in part time employment and bringin in 400 a month and i just cant seem to make ends meet please give me some advice :(


    Wooo! You've just made me realise i'm not alone in being "young&dumb" as i'm 19 and have just had my lightbulb moment today too ha! Not meaning any offence there so sorry if it seemed as though I was!

    I have also just posted up my problems today and have received some great advice from people.

    As Lisamckenny said, the £1000 to provident and £500 to halfords are both charging you interest and therefore are priorities to get sorted, or at least paying them off a small amount. If you can't afford more (I can't know until you post your statement of affairs), then just offer a £1 token of goodwill per month until your in a better financial situation, do the same with o2 and orange.

    If you post up your statement of affairs ASAP, the guys on here will be able to help you with advice on where you can cut back your spending, therefore having more left over each month to pay your creditors.

    HTH

    Young&Dumb!X
    £1 a day challenge £15/365
    Spending limit from 15/01/11 to 22/01/11: £250
    (Brothers birthday & owe mother £120!)
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