Lots of debt helo needed please

Jon_B_2

Whilst admirable that you don't want to rush into a DMP and feel you want to tackle it head on, you really only have two options with that income and level of debt:

Move in with the parents
Go on a DMP

I really do think it is as simple as that.

fatbelly

In rough terms, either of those options should see you debt free in 2.5 years, one with the complications that come with sharing a house with parents/in-laws; the other with marks on your credit file.

To find a third option (not insolvency as things stand - too much surplus income) is probably going to take a lot longer to see you debt-free.

The debt camel article I linked to earlier applies to you I think:

Be honest with yourself – if you pay a chunk off that credit card, is your overdraft just going to get bigger? I you don’t think you can ever clear your debts by making the normal payments, you have to find a debt solution even though it will harm your credit rating. If you don’t, you are going to be in the same situation in five years time – lots of debt and no closer to buying a house.