Advice/help on what to do with debts

Reillyd1

Hi everyone,
Basically looking for some advice/help on how to either manage or pay my debts off

I'm 22 yrs old I currently earn 1100 after tax each month, however after paying debts and general outcomes I'm basically left with nothing.

I have 2 credit cards and a serious overdraft, basically maxed out all.

Each month I pay as much as possible into these credit car however once hit with interest, the payment I put in is basically halted, ie 50-interest = around 20ish actually paying off debts.

Credit card 1. Is 1600
Credit card 2. Is 2100
And overdraft is 2700

I ran up these debt with silly spending and gambling, both of which I have now ceased.

Towards the end of the month I'm having to get money from other lenders ie wonga, I know it's a bit silly, but sometimes I don't have enough to even pay things like my car insurance, I now feel like each month I'm working away for free because I can't do anything else with my money. I'm starting to get really worried about it especially with Xmas coming up, how am I ever going to afford it.

Any advice is appreciated, also if you wish for anymore info I will be happy to give details

Thanks

asparagus1968

Hi, there will be a way to sort this out,never fear! though be prepared for some sacrificing and cutting back:)
please can you post up your "statement of affairs" ?
there is a sticky towards the top of this forum.

people will come along and advice you then,good luck!

Allypops

Here's the SOA link:

http://www.stoozing.com/msoc/soacalc.php

midnight_express

It would save you loads of money if you got rid of the car.

theoretica

As you have mentioned xmas now start thinking about how you can spend time and thought on people, rather than money.