debt free solution

jake1990

Hi
over the last 12 months ive managed to get into debt adding up to about £6000 and developed a bad credit rating!im 20 years old and working full time earning about £1200 a month! ive tried applying for various loans to pay off the debt im in and have it all under 1 payment as im struggling no loan company seems to look at me. does any 1 know of any company that will be able to help me! It would be a massive help to finally get all this sorted!
thanks
jake

Jox

what do you spend your wages on? How much is left to pay the debt each month?

4nnabella

You need to do a Statement of Affairs (SOA). There is one here http://www.makesenseofcards.com/soacalc.html You put in all your info, money coming in and going out. If you do it then click on the link to post it on here then people can help advise where you might be able to save money etc.

Contact Payplan http://www.payplan.com/ or CCCS http://www.cccs.co.uk/. They are the free debt management companies who will not charge you a fee to administer a DMP. Or you can do a self-administered DMP.

Also the National Debtline http://www.nationaldebtline.co.uk/england_wales/debt_advice.php have lots of advice and letter templates etc to help.

Don't go down the route of getting credit to pay off credit. There comes a point where you just need to draw a line under it all and tackle it from a different angle. Any of the above companies can help you do that.

Good luck.