Help debt problem!

fleur1234

Hi all,

I am looking for some real advice on how to tackle my debt problem. I am around £15,000 in debt on a very low income and my husband too. I just took on a risk/job that didnt pay off the way in which we hoped and it has left me hopeless and extremely worried. I just don't know where to turn.

I have dept on 3 credit cards, is it worth me consolidating this somehow?

I don't think I really have the hang of how to pay off a card either = I seem to only pay the interest and the debt stays the same.

Any advice would be greatly accepted.

immoral_angeluk

Consolidation is rarely a good idea. There is a high risk of you ending up with double the debt if you aren't very controlled. It's usually a stopgap solution that only makes matters worse.
You should contact one of the debt charities such as CAB, National Debtline or CCCS, as well as posting over on the debt free wannabe forum for more specific advice from people in the same boat.

fermi

Also have a look at the Problem Debt Help section of the main site.

Particularly Martin's main article here: http://www.moneysavingexpert.com/loans/debt-help-plan

Link to the Debt Free Wannabe board is here: http://forums.moneysavingexpert.com/forumdisplay.php?f=76