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What to do

peterjames1990 · 2015-03-04 01:59:08

I am 24 and have found myself in a serious hole i have 3 debts and big ones 1. 14000 with 11.1% interest over 5 years 2. 9600 remaining 9.9% interest over another 2.5 years 3. 3600 Remaining 6.8% over 2 more years this is adding up to nearly 748 pound a month and i feel as though i am getting nowhere with paying it off /…

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thriftylass Posts: 4,033 Forumite

4 March 2015 at 3:42PM

I would probably throw the 6k at the debt with the highest interest rate, i.e. the 14k. That should bring the payments or the time it takes to pay it back down considerably.

Also post a SOA so people could maybe give you advice on where else to cut down your expenditures, if you want.

DEBT 02/25: total £6100 Debt free date 12/25
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