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Urgent 27k debt help

Darren1984
Darren1984 Posts: 9 Forumite
in Credit cards
Hi

I am new to the forum and in need of help.

I have managed to build debts of 27k over 3 credit cards, how i have done this is another topic but about 8k of this has been spent in the past 4 months

Before after i paid all my bills etc i always had money left to spend on myself but now im at the point where i can pay £700 towards the cards but it leaves me nothing to spend on myself which is my own fault i know

I would really appreciate any advice anyone with a wise head can give me
«13

Comments

  • Paul_1977
    Paul_1977 Posts: 992 Forumite
    If it were me, transfer all three to one card, one with 0%.
  • MARTYM8`
    MARTYM8` Posts: 1,212 Forumite
    Eighth Anniversary 1,000 Posts
    You might want to try posting this in the debt free wannabe section - there are various posters/professionals on there who can give advice. This sub forum is more about getting the best credit card deals - rather than debt management.

    Good luck anyway - and try not to worry. You are not the only person in this situation.

    http://forums.moneysavingexpert.com/forumdisplay.php?f=76
  • Darren1984
    Darren1984 Posts: 9 Forumite
    Thanks guys
  • pogofish
    pogofish Posts: 10,853 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I agree, posting on a board dedicated to getting the most out of credit cards is probably not where you need to be right now.
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Paul_1977 wrote: »
    If it were me, transfer all three to one card, one with 0%.
    £27K?
    Is it a joke?
    Darren1984 wrote: »
    ... 8k .... has been spent in the past 4 months
    ....
    I would really appreciate any advice anyone with a wise head can give me
    Start with burning your cards and stopping spending.
  • tidds
    tidds Posts: 132 Forumite
    Paul_1977 wrote: »
    If it were me, transfer all three to one card, one with 0%.

    I don't think anyone would get a credit card with a 27k limit very easily...
  • MallyGirl
    MallyGirl Posts: 7,303 Senior Ambassador
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    certainly not on top of the £27k debt OP already has.
    I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
    & Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
    All views are my own and not the official line of MoneySavingExpert.
  • thriftylass
    thriftylass Posts: 4,033 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 13 May 2016 at 3:50PM
    Definitely go over to the debt free board. Stop spending. Look at your spending i.e. fill in an SOA (statement of affairs). What DID you spent the money on. 8k in 4 months is a lot. As some of it is recent, can it go back, can you sell it.

    Plus I think your attitude needs to change slightly. You don't seem to be worried about paying the debt back but rather about not having any money to spend on yourself?
    DEBT 02/25: total £6100 Debt free date 12/25
  • Paul_1977
    Paul_1977 Posts: 992 Forumite
    grumbler wrote: »
    £27K?
    Is it a joke?

    No.

    My boss has 30k limit on a card and has an average salary.

    Its possible.

    http://www.balancetransferexpert.co.uk/large-balance-transfer-credit-cards/

    I said "If it were me".
  • Paul_1977
    Paul_1977 Posts: 992 Forumite
    tidds wrote: »
    I don't think anyone would get a credit card with a 27k limit very easily...

    True.........
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