Debt free by end of 2018

redondo12

OK guys so here goes. My attempt at getting debt free without a DRO or bankruptcy etc.

I have just started a new job and will be getting paid at the end of this month so can now look to start clearing my debts. I will start by clearing the small ones first and then moving on

Currently I owe

Personal loan - £2900
CC1 - £190
CC2 - £170
OD - £650

I am currently living with my partner and his family after moving out of my flat so that has cut my outgoings by £500 a month just on rent and council tax.

My current monthly payments

Car insurance and road tax - £82
Phone bill - £40
Loan repayment - £64
Credit cards- £10

All in all not bad. My plan is to cut my overdraft off by the end of the month and consolidate my credit cards by using an existing credit card that I haven't touched so far and pay the full statement in that when I get paid which will level things out as I really only need to spend around £450-£550 a month.

I may just make the minimum repayments on my personal loan for the time being. I will keep updating this on a regular basis

redondo12

I also forgot to add my income is around £1250 a month

Determined_diva

Good luck!!