Can anyone give me some advise please

shootingstarXX

Hi,
Im hoping someone can help!
I currently have the following debts

cahoot loan £3315 monthly repayment is £133
Barclaycard £2976 monthly repayment is £70
Natwest card £2448 monthly repayment is £66
Halifiax card £3427 monthly repayment is £66
MBNA card £971 monthly repayment is £17
Virgin card £145 monthly repayment is £10
Overdraft of £1900

Im just about affording the monthly payments but Im considering the following options
1) get a new loan to pay off all debts excluding cahoot loan
2) try a dmp

What do others advise ?

trying-very-trying

Hi, and welcome to the site.

it's impossible to offer advice without a full statement of affairs, check out southernscousers sticky, it'll give you loads of tips http://forums.moneysavingexpert.com/showthread.html?t=107280

After you have done this, we can have a look and suggest ways that you can cut back.

Oh, and it's not usually a good idea to get more debt to clear debt.

In_Search_Of_Me

Hi there; as OP says you need to post full details on an SOA to include interest rates and a super inteligent nerd or two (not me - a nerd but not the latter!) will make suggestions! Alternatively you could ring one of the free agencies for advice...

Jacks_xxx

:wave: Hiya sweetie pie!

I would suggest seeing if you can balance transfer some of that debt onto 0% cards, using the Snowball calculator to make sure you're paying the debts off most efficiently, and talking to CCCS or the CAB to get one-to-one advice.

http://www.whatsthecost.com/snowball.aspx

But if you post up all your income and outgoings on here the whole board will chop in with suggestions on what you can do.

Welcome to the gang hon!

Love Jacks xxx

shootingstarXX

Thanks for the replies I will post a SOA when ive found my statement!