clearing a card ~!

guestman

I'll keep it simple and no go into all my bad debt ect just my credit card.

I have 2800 on my card but havnt been paying as i couldnt afford, simple as that. Now im sorting my debts out with x-mas overtime extra days working ect.. i want to know is £25 a week, (oviously all paid when its due) pay anything of a debt of 2800? in 3/4 months time when i can clear my TV on finance with around £300 left id then like to pay £30/35 a week

opinions4u

It all depends on the interest rate being charged, but unless it's very high, £25 a week may well start reducing the balance.

It's right to look at the full picture though.

What I'd suggest you do is:

1) Go to www.makesenseofcards.co.uk and complete a statement of affairs (SOA).

2) Post the SOA on the Debt-free Wannabe part of this forum and ask for advice on how to reduce your outgoings so that you can apply the savings to reducing debt.

Be thorough when completing the SOA. If a typical cost is annual make sure you divide it by 12. Include everything.

Best of luck. Debt-free Wannabe is a great place to get advice and support in dealing with debts and also dealing with those you owe money to.