Help advice needed!!!

Nuttymoo2012

Hi everyone I am new on here, I owe approx 14,900 on credit cards a coupl are really high interest 34.9 % I havent defaulted on any and am being made redundant and will receive 9000 I need some advice as to how much to pay off as i will need to keep some money in case i cant get another job immediately . Any advice gladly accepted

thanks

nutty xxx

Happytogetdebtfree

Hi maybe post an soa and work out what the minimum is you need to get by on and maybe times that by 3 to give you 3 months cover and take it from there

National_Debtline

Hello there,

You could consider using some of your redundancy payment to make an offer of Full & Final settlement to your creditors, we've written a fact sheet which you can find here:

http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=24_full_and_final_settlement_offers

The fact that you may not find work straight away is always important to consider when deciding upon your offers, though. Hope you find the fact sheet useful!

Best wishes,

National Debtline.

digging

Happytogetdebtfree wrote: »

Hi maybe post an soa and work out what the minimum is you need to get by on and maybe times that by 3 to give you 3 months cover and take it from there

I agree. A SOA will be helpful as well as a list of each credit card and amount owed with % for each.

redpete

National_Debtline_representative wrote: »

You could consider using some of your redundancy payment to make an offer of Full & Final settlement to your creditors, we've written a fact sheet which you can find here:

Is there any chance of this working if they haven't defaulted on any payments yet? I thought they were quite happy to continue receiving their monthly minimum payments and adding on the interest.