Considering a debt managment plan

pelirocco

sickasachip13 wrote: »

Hey Stephen,

I just wanted to respond quickly by saying well done on acknowledging the problem and admitting you have an issue with gambling.

You could manage these debts yourself with a good plan - follow Fermi's advice in the first instance. I'm in a DMP but went in with significant debts. Mind you, if I'd acknowledged I had money management problems at your age, I might have been more savvy and avoided shedloads of mine!

To FrugalQueen, hats off for paying your debt off in full, that's great. But, I'm not sure how helpful the OP will find the statements above - he's already said he wants to pay and is feeling stressed - being told that he's behaving immorally and has no back bone is hardly the supportive approach that these boards should be about.

Good luck Stephen, get an SOA posted and I'm sure people will have useful info.

SAAC

Agree with your post

Also she is using this forum to direct people to her blog ( she said google her name )

Intalex_2

You're in almost the same position as me, similar debts. I started my debt management plan in Feb of last year and its relieved so much stress. I'll never have a good credit rating again (well, it feels like that anyway!) but I can't wait to have it all paid off.

I got screwed over by Natwest bank charges which I'm still paying off now. Have now got a Halifax basic account and its sorted me right out! Screw you Natwest.