this is the first step! now what is the next?

confusedmamtobe

hi,
i am really sick of all the phonecalls and letters and not having any money after paying a few (not all of my debts) out and having no money and thats not an exageration...

can anyone help me how to clear the debts and what i should do...

i have:
payday loans (yes i know huge mistake) £521
provident £385
vanquis £150
catalogue £200
capital one £500 (in debt recovery)

how did all of you become debt free and suggestion for me at the end of my teather now!!!

mum2one

the first thing I would suggest is do a statement of affairs (theres a sticky on the top),
then find out all the interest rates, minimum payments etc, then maybe there ways of cutting back in your spends for the repayments.

If not, I would suggest contscting cccs, and look into a debt management plan. x

confusedmamtobe

wheres the statement of affairs sorry? x

chevalier

Here is the link

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

Once you know where your money is going, then you may be able to see areas where you can cut back
good luck
chev

amyloofoo

Congratulations on taking the first step. I see you've posted an SOA on another thread so I'm sure you'll soon get some useful advice from the helpful people on this board. I was in your position a couple of months ago, and largely due to the wonderful advice and support I got on here, now I finally feel I'm making a dent in the debt and am much more positive. I hope things go as smoothly for you and we can soon be debt free graduates!