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ks1992
Posts: 1 Newbie
Hi,
I am a 25 year old currently re-evaluating my credit situation and it seems I'm in a very bad situation. I have an overdraft of £2000 (fully in) and a maxed out credit card of £1,500. Furthermore, in January I missed a credit card payment and got rejected for an extension on that credit card. I really wanted to do a balance transfer to a 0% credit card to get some rest-bite from the interest however I doubt I will get one with my credit rating. I am sure I have also missed payments in years past when I was even more clueless. I am in desperate need of some advice on how to best manage this debt. should I bundle it all together, if so then is there way I can do so with such a bad rating? Also, how can I best make my rating better.
I really appreciate any help. thank you
Kirsty
I am a 25 year old currently re-evaluating my credit situation and it seems I'm in a very bad situation. I have an overdraft of £2000 (fully in) and a maxed out credit card of £1,500. Furthermore, in January I missed a credit card payment and got rejected for an extension on that credit card. I really wanted to do a balance transfer to a 0% credit card to get some rest-bite from the interest however I doubt I will get one with my credit rating. I am sure I have also missed payments in years past when I was even more clueless. I am in desperate need of some advice on how to best manage this debt. should I bundle it all together, if so then is there way I can do so with such a bad rating? Also, how can I best make my rating better.
I really appreciate any help. thank you
Kirsty
0
Comments
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Cut your spendings and pay as much as you can towards the debt. It is a relatively small amount, so unless you have dependants then even on minimum wage full time job you should be able to clear it off as long as you will be frugal with your money. Post a SOA http://www.stoozing.com/calculator/soa.php at debt free wannabe, and people will be there to help you save money.0
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