Debt I want gone!!

danii

I have 2 store cards one of which I owe £700 and one of which I owe £1000, I always make my payments on time but only usually the minimum, I really want to get rid of these now any tips on how I can get these cleared quicky? Trouble is I can only afford the min each month too :-(

rising_from_the_ashes

I'd suggest posting your Statement of Affairs (see the sticky at the top of the thread).

If you can only afford the minimum payments just now, you'll have to find other places to cut down in order to increase these.

Once you've found some "spare" cash to do this, make some extra payments to the one with highest interest.

cattyboo

Hi Danii,

Could you post a SOA so we can help you see if there's any expenditure you can save on? Other than that, how about trying to make a bit of extra cash, ebay anyone? :rotfl: Or surveys? There's plenty of people who know waaaay more than me and I'm sure they'll be along shortly, but in the meantime a SOA would be helpful :j

Don't worry you'll clear them in the end, you're in the right place :beer:

C xx

danii

At the moment I come out with £1000
Rent = £287
House Bills = £200
Car Insurance = £51
Petrol = around £60-80 a month
Phone Bill = £25

MartinSpoon

Sorry Danii, but that's not enough information to be able to offer any good advice - if you do a complete Statement of Affairs, not only can we help you look for areas to save, it can be a bit of an eye opener to yourself when you see where all your money goes!

cattyboo

Try this...

http://www.makesenseofcards.com/soacalc.html

Put all the numbers in and then post the results here.

Like MartinSpoon says it's useful in 2 ways- allows people to help you identify where you can save and makes you look at your finances carefully, when I did mine I think I nearly passed out as I'd had my head in the sand financial ostrich style for soooo long I had no idea where my money was going :eek:

C xx