In a bit of a mess...a

[Deleted User]

Still no where near £1000.

It sounds like you need to look at your last 6 months worth of bank statements and record all your outgoings versus incomings and see what's going wrong

enthusiasticsaver

I would start a spending diary but it does seem as if you should be able to manage on your income so there is obviously some overspending going on somewhere. Debt consolidation wont work. Tackle the most expensive debts first and cut back as far as you can.

Are you able to move any of your credit cards to 0% deals and focus on your partners as they will find it harder to get 0% deals with a default. You may also by financial association but it may be worth a try. Try the MSE credit club check.

Head_In_The_Sand

Forgot to mention - we need to find 6k to clear down the debt from the credit card which attracted the default. It is with a collection agency now, but we were planning to clear it down by a loan of some form. We also wanted to spend about 2k on the house - new carpets etc. as they are very tatty and affecting our mental health and preventing us from having DD!!!8217;s friends over to play because we are so ashamed of the state of the house.

Head_In_The_Sand

Are there any iPhone apps for a spending diary? How to people normally do it?

Pixie5740

Borrowing £6k to pay off a £6k credit card is not clearing debt as you'll just owe someone else £6k. As for the carpets you'll just need to put them on the back burner until you get a grip of your spendinga spending . There are lots of budgeting apps out there or you could just use good ol' fashioned pen and paper to keep a spending diary to get yourself started. In all seriousness you need to stop borrowing money for the time being.

[Deleted User]

If the credit card debt is with a debt company, speak to them and setup a payment plan first

marliepanda

Head_In_The_Sand wrote: »

Forgot to mention - we need to find 6k to clear down the debt from the credit card which attracted the default. It is with a collection agency now, but we were planning to clear it down by a loan of some form. We also wanted to spend about 2k on the house - new carpets etc. as they are very tatty and affecting our mental health and preventing us from having DD!!!8217;s friends over to play because we are so ashamed of the state of the house.

Whats going to affect your health more, 35k of debt or tatty carpets. I am sure your daughters friends wont care about your carpets.

Get some rugs...

Head_In_The_Sand

Would paying off the 6k with a loan not reflect better on our credit file though? And that way we get to pay it back on our terms.

Pixie5740

Your husband already has a default and the account has been passed to a debt collector throwing a loan into the mix isn't going to make his credit files look any better. Even if you managed to get a loan, and I'm not sure you would given that you appear to have over extended yourselves, it will probably be at a rubbish rate and you will pay it off on the lender's terms not yours.

Head_In_The_Sand

Also presumably the interest over the term of the loan will be lower than the interest from the debt co?