Credit card debt, need advice

onethouonehun

Hi,

Hope this is the right place to ask this...

So, a few years ago I got quite carried away with gambling, racked up some substantial debt. I don’t gamble any more. I’ve been paying this debt off at around £600 a month. All of this debt is on credit cards, and stands at around £18k. Previously, I’ve been switching the card balance to other 0% cards whenever necessary. This is getting harder to do, as the 36/48 month 0% offers are disappearing. I also have around 8 credit cards so my hands are tied. I can keep switching them here and there, to new 12 month 0% offers with my current cards. Another reason this is difficult to do, is that I have recently gone self employed. This is literally 2 weeks ago, so if I were to apply for any new finance I would more than likely get rejected.

A bit more about my situation... 6 years into a mortgage & married. Wife knows about the debt and has a couple of cards in her name for this reason. She’s self employed too.

Any tips would be great!

Thanks

[Deleted User]

Cut the spending elsewhere and throw as much as you can at the debts

DCFC79

Either reduce your spending so you can chuck more at the debts or increase your income, while your at it why not do both.

Willing2Learn

Hi,

Why not post your SOA on the DFW boards? It sounds like you need advice with how you are budgeting and how to manage your debts...

You need to snowball those debts...

National_Debtline

Hi there


As Willing2Learn says, you should get a few more responses if you post on the Debt Free Wannabe board. It will also help to complete and post a statement of affairs (SOA) so we can see a little more details about your situation and offer advice on your options. You can complete one here http://www.stoozing.com/calculator/soa.php.


Good luck with it all


Susie
@natdebtline