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what do I do first to sort out debt

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Comments

  • Just remember that you are on the right track by starting to think about sorting it.

    I was in the same position just a few months back and its actually a great feeling to be paying back what i owe.

    I have 3 repayment plans in force at the moment and one is a debt of £1000 and i only pay £12.50 per month as a plan, but if i have money left over each week i send it to them and after 8 months im pretty much sorted and only owe £300 now.

    Just don't let it grab hold of you and carry on being positive and you will feel great when you dont have to worry about the door knocking.
  • rockm87
    rockm87 Posts: 847 Forumite
    Wedding Day Wonder
    Good luck, and don't hesitate to get started. The sooner you start the better it feels. It isn't going to be easy, but will feel amazing once youre all sorted.
    Total Debt in Feb 2015 - £6,052 | DEBT FREE 26/05/2017
    Swagbucks £200 Valued Opinions £100
    Dave Ramsey Baby Step 2 | Mr Money Mustache Addict
  • National_Debtline
    National_Debtline Posts: 7,998 Organisation Representative
    Tenth Anniversary 1,000 Posts Combo Breaker
    Hi Jules

    Do you have any inkling of the sorts of amounts you might owe? Are we talking £hundreds, £thousands or £tens of thousands?

    Whatever it is, you will get plenty of support and advice on here.

    Good luck

    Dennis
    Twitter: @natdebtline
    We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps
  • Skinnylatte
    Skinnylatte Posts: 1,244 Forumite
    Part of the Furniture 1,000 Posts Debt-free and Proud! Home Insurance Hacker!
    All my creditors, past and present are listed on Noddle. It includes the amount owing and record of any payments. It's free https://www.noddle.co.uk/
    Pay off Car Loan £17,047 £10580 by Christmas 2022

    Mortgage 1 @ 23/03/2019 [STRIKE]£101297[/STRIKE]
    £84457 16.6% DI [STRIKE]£6.95[/STRIKE] £6.15
    Mortgage 2 @ 12/04/2015 [STRIKE]£136121[/STRIKE]
    £100,546 26.1
    % DI [STRIKE]£9.13[/STRIKE] £6.07
    1st LBM 02/06/2013 £[STRIKE]21595[/STRIKE] Debt Free Day 27/03/2015

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