How to manage my Debt

pict_saver

I would like some advise please , tried to shift the cards to a new one but not getting accepted at the moment.
Halifax £1279.84 @ 0% until DEC 07 then 19.9% pay minimum or £60
Barclaycard £1728.85 @ 17.9% pay minimum
EGG @ £8664 @21% pay £240 a month ,5 month Anniversary August 2007 but not enough limits to shift this and back again, only about a £1500 available on other cards!:mad:
Nationwide Loan 4300 @7.9% £166.21 a month until September 2009
nationwide advanced £3093.19 @ 6.99% 23.83 a month, usually put in double.
Monthly income is 1266
Monthly Outgoings:Mortgage £364.81 a month ELECRICITY £22.00TV LICENCE £11.37 SKY DIGITAL. £27.75 GYM. £29.00 GAS. £33.50 COUNCIL. TAX £74.00 HOUSE INSURANCE. £12.07 INTERNET £12.99 MOBILE £26.32
TV LICENCE £11.37
CAR FUEL £40.00

keeperbear

For your income, you have alot of accumulated debt. Have you considered going bankrupt?

momisa

Halifax £1279.84 pay £60
Barclaycard £1728.85 pay minimum (estimate £100)
EGG @ £8664 @21% pay £240
Nationwide Loan 4300 pay £166.21
nationwide advanced £3093.19 pay £23.83
Total Debt: £19065.88
Total Debt paid per month: £590.04


Monthly income is £1266
Mortgage £364.81 a month
ELECRICITY £22.00
TV LICENCE £11.37
SKY DIGITAL. £27.75
GYM. £29.00
GAS. £33.50
COUNCIL. TAX £74.00
HOUSE INSURANCE. £12.07
INTERNET £12.99
MOBILE £26.32
CAR FUEL £40.00
Total bills: £653.81

Money left: £22.15???????

However, you haven't put anything down for food, clothes, car tax, entertainment etc. Providing a full SOA would help us to help you more.

Do you have any equity in your home in order to remortgage?
Do you have anything that you can sell?
Have you missed any payments?
Do you have an overdraft which you haven't mentioned?
I would contact CCCS (free service for people in debt) for advice.

STOP spending on the cards.

momisa

This thread will help you post a full SOA and provides info on where to go for advice

http://forums.moneysavingexpert.com/showthread.html?t=107280

pict_saver

keeperbear wrote: »

For your income, you have alot of accumulated debt. Have you considered going bankrupt?

About going Bankrupt, i manage with an overdraft to keep the wolves away, just chipping away at the debt monthly with a little over payments

pict_saver

momisa wrote: »

Halifax £1279.84 pay £60
Barclaycard £1728.85 pay minimum (estimate £100)
EGG @ £8664 @21% pay £240
Nationwide Loan 4300 pay £166.21
nationwide advanced £3093.19 pay £23.83
Total Debt: £19065.88
Total Debt paid per month: £590.04


Monthly income is £1266
Mortgage £364.81 a month
ELECRICITY £22.00
TV LICENCE £11.37
SKY DIGITAL. £27.75
GYM. £29.00
GAS. £33.50
COUNCIL. TAX £74.00
HOUSE INSURANCE. £12.07
INTERNET £12.99
MOBILE £26.32
CAR FUEL £40.00
Total bills: £653.81

Money left: £22.15???????

However, you haven't put anything down for food, clothes, car tax, entertainment etc. Providing a full SOA would help us to help you more.

Do you have any equity in your home in order to remortgage?
Do you have anything that you can sell?
Have you missed any payments?
Do you have an overdraft which you haven't mentioned?
I would contact CCCS (free service for people in debt) for advice.

STOP spending on the cards.

monthly food bill about £100.
i have equity in the house, house worth £85000, mortgage at the moment £61000.
I have an overdraft about 300 into it, robbing peter to pay Paul i guess!Nothing to sell, a couple of late payments on my credit cards accounts.

Seaxwyn

Hello pict_saver

I would suggest you ring the CCCS, they can help negotiate with your creditors to pay back at a rate that does not require robbing peter to pay paul, and they may be able to get interest frozen. Lots of people on here have found them really helpful.

Good luck