Got a job, now to deal with debt

newjobboy

I have started a fairly well paid (£20k+) job, after being unemployed for about 8 months following graduation.

I have about £10k of debt hanging over me (not including student loan) in a mixture of formats.
£2500 in CC,
£3000 in overdraft,
£4000 in family+friends
£500 in other debts.

Some of these are fairly immediate, some not so much.
I think I have a fairly decent credit rating, had a few late payments on credit card bills, but no missed payments.
I have had a contract phone for 10 years, Credit cards for 8 years, been the bill payer in a number of flats.
I have moved around quite a lot, the nature of being a student. I have been in the job just over 2 months.

I am wondering what the best way to approach this is, a loan, or with credit cards. I recently tried applying for a sainsburys loan (i am a nectar card holder) at £5000, and was rejected. I have been apprehensive of trying elsewhere, as I know this affects my rating.

Any advice would be appreciated.
cheers

HappyMJ

A late payment is a missed payment so you will have missed payment markers on your credit file check it and see how many.

elaine12022

Well done on your new job, first of all, I hope it works out well :beer:
Are you saying you are wondering whether to take out more credit cards or a loan to repay what you owe now? You need to be careful with that I would say.

Have you done yourself a proper budget? You may have quite a nice sum each month to pay off some of your debts quite quickly, as it is.