Where do I start

amy17brook

I am currently around £10000 in debt I am up to date with minimum payments but feel like I'm treading water. I want to clear them and start rebuilding my credit so I can get a mortgage. I'm just wondering if anyone has any tips to earn extra cash or methods of getting things payed. My wage literally just covers minimum payments but doesn't leave much else for food or school uniforms ect

Orange_Ena

Welcome to MSE.

If you post an SOA (Statement of Affairs) people maybe able to make suggestions for saving money. Is your debt on 0% interest? Have you tried snowballing (focus on paying off one debt, then rolling that payment over to the next, starting with the debt with the highest interest)?

I do surveys online with quite a few companies and some are quite good earners if you have the time to spend on it. Could you increase hours? Get a second job? I don't know your circumstances so it might not be possible.

Have a look on the up your income board, I'm sure there are loads of ideas on there. Do you meal plan? The old style board is great for feeding your family on a budget.

Good luck

amy17brook

Thank you. Have not heard of snowballing. Im in arrangements with quite a few, if I phoned some and decreased payments i could pay some off then up them again. Not sure if they'll let me though. A big part of my stress is that they are all at different times, feel like I'm on constant alert. Will try the soa though I have done this for my bills in paper form already. I will definitely have a looked the up your income board too. Probably have some stuff I can sell. Just need to work up the courage to be less materialistic.