We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Help/Advice needed

wen3
wen3 Posts: 158 Forumite
edited 10 August 2011 at 3:06PM in Debt-free wannabe
Okay where to start and sorry if I ramble.

DH is already on a DMP I have been able to pay my debts so far but it looks as if I may loose my job in a few weeks so I am just looking at the options. I owe one big Credit card of 12000 and a smaller one of 1500, what do I do, I will have around £100 a month to go towards these two debts?
DMP Support Thread Number 186

Comments

  • Hovel_lady
    Hovel_lady Posts: 4,291 Forumite
    Just bumping this for you.
  • topcat9
    topcat9 Posts: 102 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Wen3,

    Very sorry to hear about your job situation. It's a bit difficult to advise without knowing more about your finances. It could be an idea to post your SOA (statement of affairs) for people to take a look at. Possibly do one for your current situation so you can see where you could save money in the next few weeks and include details of your cards as well (minimum payments, apr etc.). Then people can advise on what you should do now and what you might need to do in the future.

    Whatever happens, you will get great advice from here on how to proceed and good support as well!
    LBM August 2007
    Amount Owed £101,068.35 :(
    Amount Owed March 2012 £13,449.16 :)
    DFD October 2013
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.5K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.5K Spending & Discounts
  • 245.5K Work, Benefits & Business
  • 601.4K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.