Dealing with my debts!!

kraft_2

Hi, i am brand new to th3 forum. I found this site a few days ago and has boosted me even more.
A year ago, i realized things werent very colourful, and something serious was needed.
My wife packed up work to look after our daughter but didnt realize exactly how much was needed from me. I had spent money stupidly and had stumped up a large amount of debt already!!.

I went through all my accounts and switched the elec/gas/BB/ mobile etc etc, and now left with the "big" loans, which is so hard to get on top of.

Problem now is i have 2 cars on finance, and i need some advice to see if its worth selling these cars (which dont have equity) to save the monthly payments, i would still need to buy a cheaper car, but does that defeat the object??

help would be appriciated!..:)

Nice to meet you all (in advance), this seems a great site and hope to be part of the debt free group one day!!!..:)


cheers

Jacks_xxx

Hiya sweetie,

Welcome to the gang! :wave:

I have no idea about the cars hon, but some idea of the numbers might help? (How much they're worth, and how much is left to pay on them maybe?)

Also, if you post your full SOA (monthly income and outgoings) somebody will come up with something you hadn't thought of . (Someone always does!)

Nice to meet you hon!

Love Jacks xxx

kraft_2

Hya, thx for the welcome, i will jot up my SOA now, i suppose that would be better. 2 secs..:).......

kraft_2

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