Could come unstuck....

57and

Hi there

Right Il try and keep this simple and short

Basically I have around 14000 of debt

Started off when 19 got a car on finance.....witch was a very bad deal.. So last year I got a bank loan (barclays) to pay the outstanding finance off (10k). Mainly because the car I had was a sports car and we were expecting a baby and it was no good and drank fuel!

Anyway I got this new(ish) so as with anything I got hit with depreciation and then the Market for the car dropping due to increasing fuel prices so ended up 7k in negative equity in the end sold for 3k...

I also have a credit card witch we've had to use to it's limit while my oh was on maternity leave..she has gone back now around 1700 on that and I have an od of £300

And stupidly a pc world finance for an iPad I didn't need...but Anyway


Anyway I only work for an agency and have done for 4 years! However with them slowly Getting rid of people since around Xmas so knew it was only a matter of time...witch is next week for me ,so I have been setting up a business to fall back on witch is taking off nicely but at the mo stil won't give me enough to cover my overheads aswell as my personal out goings

So I'm looking at what path to take now? I'm ok until around July time as I can keep paying from my savings until then (have been putting away what I can when the oh went back to work in prep for this)

I'm worried that when my savings run out if business hasn't picked up enough what to do

I have no spair income anymore or won't after my last pay day anyway

my oh wage will cover all our household outgoings aswell as hers

So it's just my personal debts I need to sort out

Sorry if this makes no sence etc my heads a bit all over ATM over all this

vickthestick

Use your savings to pay off your debts. There is no point having savings earning less than you are paying in CC charges.
Then post a statement of affairs (SOA) so that people can see what's what and help you to live within your means.