Help with Credit card debt

Meteora

have four Major Debts. Lloyds Credit Card £5,156.54 Interest P/M £60.62 Lloyds Loan £5,636.54 Interest P/M £45.75 Barclay Card £4,573.26 Interest P/M £3.49 Tesco Bank Credit Card £7,738.12 Interest P/M £98.00 Total£23,104.46 Total£207.86 My Income P/A is £26,164.00 Could you please find me a way of reducing both my Payments and the Interest Meteora

Mr_Goodkat

Sorry but with your debt nearly equal to your annual salary you are going to struggle to get any new credit elsewhere.


You need to throw as much money as possible at the highest interest rate card and pay just over minimum on the others.


You need to look at seriously at:
1) Can you earn any more money
2) What can you cut back on and save money on


Throw everything you can at the debt


Get over to the debt free wannabe section..........

Meteora

Could I transfer it to a Interest free account

bengal-stripe

Meteora wrote: »

Could I transfer it to a Interest free account

Sorry to be blunt, but you are not likely to get accepted for an interest-free deal.

To start applying for a new card now, getting refused and applying again and again.....will worsen your credit file even more, as it makes you look desperate for credit (which, of course, you are).

As previously mentioned, go to the 'debt-free-wannabee' board!

grumbler

>> Check your eligibility here

>> Debt-Free Wannabe