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Anthony_joshua
Anthony_joshua Posts: 1 Newbie
in Debt-free wannabe
Hi hit me with advice
Salary is 35k + ot
Usally take home 2200 to 2500
Current list of debts is massive
Aqau card 3k
Post office 5k
Halifax 3.5k
Vanquish 3k
Tesco 1k
Barclay .8k
Abbey loan is 200 amonth 3k left
Van finance 180 per month
Mum died 8 months ago haven't done ot and in pickle..
Should I phone cards and make deals don't want to completely kill cred rating as would like a mortgage at some point ...

Comments

  • moohound
    moohound Posts: 1,209 Forumite
    Debt-free and Proud!
    Sorry for your loss, and well done for taking the first step and posting.

    Try posting a full SOA and then your situation will become clearer.

    xx
    ISA £1675 :DMiniMoohound savings £3685.86 :T Plus £3800 CTF :)
    'MrMoneyMuststache' my new hero, Martin Lewis my long time hero
    Poacher turned Gamekeeper
    Roadkill rebel No 52 Aug £1.34p Sept 24p Oct 5p Nov 5p Sealed pot Challenge No 403 £176.66(2014) :staradmin NOV NST No 20
  • theoretica
    theoretica Posts: 12,691 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    How long do you realistically think it would take you to pay off your debts and save a deposit for a mortgage? Credit ratings recover, so you may find that your timescales work out that it isn't too bad to sacrifice it now.
    But a banker, engaged at enormous expense,
    Had the whole of their cash in his care.
    Lewis Carroll
  • GunWharf
    GunWharf Posts: 308 Forumite
    100 Posts Uniform Washer
    Roll up the sleeves and give it a go..........

    I started in Feb this year and my Signature below shows progress.
    (Debt Jan 2014 LBM £34,000) Current 2016 "Problems" as follows:

    C Cards 1,2,3,4 WAS £18,333 NOW£0 :j...Overdraft WAS £2700 NOW£0 :j
    Secured Loan     WAS £4113 NOW£0:j.......Loan WAS £8864 NOW £6,000

    DEBT TODAY = £6,000     (£28,000 PAID OFF SO FAR!)
  • asparagus1968
    asparagus1968 Posts: 1,787 Forumite
    Debt-free and Proud!
    So sorry for your loss.


    Here is the link to the SOA you need:


    http://www.stoozing.com/calculator/soa.php


    This is your starting point (and ours if you want our help:))
    LIVE SIMPLY * GIVE MORE * EXPECT LESS * BE THANKFUL

This discussion has been closed.
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