Debt Options

theoretica

Super_Ram wrote: »

[tt]
Telephone (land line)................... 10
Mobile phone............................ 50
Satellite/Cable TV...................... 70
Internet Services....................... 10
You could probably save quite a bit on communications if you wanted to. Is satellite necessary?

Groceries etc. ......................... 300 This is very high for two people, if you don't know how to get it down you could find lots of help on the Oldstyle forum.

Entertainment........................... 100 Can be cut as far as your self control will allow.

Unsecured Debts
Description....................Debt......Monthly...APR
Loan...........................750.......250.......0 Gone fairly soon
Very Cat.......................236.44....20........0
Kays Cat.......................555.46....90........0
Overdraft......................300.......40........0
Old Car Insurance..............42.43.....42.43.....0 Gone next month
Next Cat.......................23.31.....23.31.....0 Gone next month
Fashion World Cat..............88.13.....10........0
One Month Loan.................420.......50........0
Wonga..........................809.02....50........0
Wage Day.......................511.......93........0
Pounds til Payday..............689.41....50........0
New Look Cat...................75........13........0
Natwest........................1371......10........0
Great Universal Cat............764.7.....188.......0 Gone fairly soon

Amount left after debt repayments....... 231.26

Next month you should have £231 left over + more from cutting down on groceries and entertainment. This would pay off your overdraft which you could use again in an emergency if the car broke down, but not otherwise.

The month after your old car insurance and next catalogue will be gone giving you another £65 to pay off debt early. The best thing is to pay off the debt as fast as possible, especially the payday loans. If you do have a car crisis you may need to borrow some of it back, but hopefully not much. In 6 months you can be debt free and saving up hundreds a month towards a new car or general safety net against those things which do crop up. Good luck!

Noobie2011

Ok so I have actually found a soluton better than the one I have.

My parents are lending me the money to clear the debts and I am paying them back.

As I have some debt that has incurred lots of interest and charges form the basic balance it was I am looking at contacting each Creditor and asking what a full settlement figur would be if I could pay them off within the next 2 weeks.

Does anyone know a good template email on here that I could write to them requesting a Final Settlement offer?