Debt Free by 21 With SOA Including Help make sense pleasee :D

sweetipie92

Sorry added my rent to my mum and dad

dancingfairy

O.K so you've got in a mess with Wonga, by the looks of it. Why did you take out this loan? Was it for going out? urgent car repairs or something else?
What I suggest you do is set a realistic budget for the next few months, how about 75 a month for entertaining and new clothes etc? Does that sound doable? Maybe you can make use of orange wednesdays? 2 for 1 meals? drinks at a friends? a come dine with me style evening? a night in with a dvd and a few friends? a picnic? Basically you need to try and have a fund but frugal few months.
I am assuming that you still live at home with your parents which will be a major help in all of this.
How much are the rollover fees for Wonga? Can you try and pay the minimums on your other cards and then put anything spare to Wonga and try and borrow say 75 less next month, then 75 a month less the month after etc? Will your parents be willing to help you out and suspend rent for a few months/reduce it whilst you get back on your feet?
Can you do any overtime at all?
Can you ebay things/car boot things?
df

sweetipie92

So you rekon pay £50 to wonga then pay £10 to each card?

theoretica

On paper according to that SOA you can afford to pay the minimum payments to your cards and at least £100 to Wonga.

Can you cut down on the petrol spend by driving less?

sweetipie92

that 200 is for driving to work, its a 60mile round trip everyday so i have debt collectors trying to take payments... do i go to the companies or to the debt collectors.

Poosmate

I'm finding it difficult to respond.

sweetipie92

Sorry if im a bit vague

SnowTiger

sweetipie92 wrote: »

Hey all , I have just sat and worked out my ruff debt amount.... also have worked out how much i can actually afford to pay back each month also.... Could people tell me the best way to tackle these

O2 ?
Captial One £371.00
Barclays £300.00
BarclayCard £350.00
Lloyds TSB £1,600.00
Wonga £400.00
Pay Day Express £200.00
Money Shop £150.00

Able to pay per month : £45

Debts: £3,371.00 Total Paid Off: £0

Is your light bulb moment a yearly event?

What happened to the DMP you told us about last year? See https://forums.moneysavingexpert.com/discussion/3178344.

You appear to be in the same position now that you were back then.

sweetipie92

yeah, i was about to write about that acutally! Fresh start finance/ harrington brookes stopped taking payments from my account and stopped giving any contact to me or the creditors.... hence being in the same position... i should be hearing from them next week about compensation of the admin fees back for the bad service.... this means all the money i get from Fresh start will be injected into my debts!

sweetipie92

I am going to get in contact with fresh start again today to see whats going on with the compensation!