No Money, No Honey

gdayfellow

Hello everybody

I need some advice.
I am having a financial meltdown, this is it:

£3500 overdraft which I've almost exhausted (£150 left)

£4000 bank loan + interest (which I'm paying off £124 a month)

£700 on Credit card (which I'm paying off sporadically)

Plus living expenses

So as you can see I'm over 8 grand in the s**t

What to do?

I haven't spoken to the bank yet, should I bother?
OR
Should I consult a debt management agency/financial adviser?
OR
Something else altogether?

I'm pretty crap when it comes to finances so any advice would be more than welcome.

Thanks
G

marywooyeah

you need to create and post a statement of affairs on here detailing how much you have coming in and how much you have going out - eg food shopping x amount, home insurance x amount and people can offer you advice as to where you can save money and use that money to pay off some off your debts.
speak to a debt agency if you feel you can't pay it back and they can advise you further.

fd1972uk

Just new to the site, but sure the answer will be to fill in a SOA for yourself.

People will no doubt require what income you have and what exactly 'living expenses' means?


FD

CH27

If you post your SOA people will happily help you.