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Worried.. Earn £28.5k, owe £36k!

As header of this points out, I've taken on too much.. Unfortuantely this is 6 years of spending on plastic catching up on me. I can no longer afford rent and min repayments on 2 loans and a Visa Gold card. What should I do? Worrying thing is I work in financial industry and I'm being trained in my job to be FSA approved.

Comments

  • Hi
    You need to list all your debts and % rates and min. payment details on this site then people will be able to help you.
    You also need to list all your other outgoings.
    There will be people on this forum who will point you in the right direction.
    good Luck
    Pink fairy
  • Malestrom
    Malestrom Posts: 983 Forumite
    Well, if you need to pay something then pay the rent as you don't want to get in trouble with your landlord and eviction is the last thing you need. As posted above, please list all debts with either the APR or the minimum monthly payment that you're supposed to be making. Also list your income & expenditure in full and we will try and save you money in other areas to help put towards your debts. If you haven't done a proper budget, look towards the top of this page and click on Martins 'Budget Planner' link (Blue box, yellow writing).

    Finally, you may want to start thinking about contacting a debt help company, such as CCCS or National Debtline. They will help you deal with your creditors and are free. First though, please post the relevant information.

    Cheers!
    He huihuinga taangata he pukenga whakaaro – A meeting of people; a wellspring of ideas (Maori proverb)
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