New & deep in trouble

nowheretorun

Hello everyone

I've searched for an internet forum on these matters (financial problems) and stumbled upon this one. I need to interact with people who have similar problems as I do, as I feel kinda isolated at this point in time.

How deep am I in? Well ... here's a rough breakdown:

Overdraft £6,000
Credit card A £19,600
Credit card B £6,900
Credit card C £2,000
Loan A £13,000
Loan B £10,000
Loan C £5,000
Loan D £2,400
Loan E £3,000
Loan from friend: £1,200

So you can see, it is getting a little bit ridiculous ... nearing £70,000. It is taking a huge amount of courage to even make this calculation. Even though my earning power is around £50,000 a year, I am still in deep trouble.

What to do??? I don't know yet. How did this all happen? Spreadbetting ...

Mollymop5

hi and welcome, there are lots of good people with great advice on here.stick around and their advice will be forthoming

Penny2myName

Hi and welcome, there is others that have been in same boat as you with total amounts, some with more. Sure you will get lots of support and advice from more experienced members.

southernbelle

Hi! I've only just joined too, and so I have no advice for you I'm afraid. But I've already found everyone to be friendly and helpful, so you're in the right place

nowheretorun

Thanks Molly!

I had to sell my beloved car yesterday to keep my current account running .... those Direct Debits are killing me!

Been on anti-depressants since about 6 months ago, but I feel a little lost still.

nowheretorun

southernbelle wrote: »

Hi! I've only just joined too, and so I have no advice for you I'm afraid. But I've already found everyone to be friendly and helpful, so you're in the right place

Thanks southernbelle! This does look like a friendly place, I'm glad I found it.

lunar

Hi i wanted to say welcome to the boards, you are in the right place for support and advice. if you post a statement of affairs you will get loads of useful tips. the hardest part is facing up to it, it gets better every day after that so well done for making a start.

Larumbelle

Hello and welcome! :hello:

Could you post a full SOA for us including all incomings and outgoings? It's a far better indication of how bad things are and what the best solutions will be. Don't worry if you feel nervous, none of us will judge you and its all pretty anonymous.
Explanation of how to do it here: http://forums.moneysavingexpert.com/showthread.html?t=107280

Without meaning to be too blunt, is the gambling all in the past now?

We try to be friendly. We have all been in the same situation and each of us knows how much a little friendliness means :grouphug:

Scarlett.1974

Hi there and welcome

You're right, this IS a very friendly place, it's also full to the brim of really clever people who will give you loads of advice and support

First things first, you need to get your SOA done (I know it's scary), read the sticky thread at the top of the board, it will tell you how to do it. Once you do then sit back, grab a tea/coffee/glass of wine/pint of beer and prepare to be knocked off your feet as the advice comes rolling in.

Best of luck,
Scarlett xx

<<hug>>

nowheretorun

silvercharming wrote: »

Hello and welcome! :hello:

Could you post a full SOA for us including all incomings and outgoings? It's a far better indication of how bad things are and what the best solutions will be. Don't worry if you feel nervous, none of us will judge you and its all pretty anonymous.
Explanation of how to do it here: http://forums.moneysavingexpert.com/showthread.html?t=107280

Thanks, I will check it out and do it.

Without meaning to be too blunt, is the gambling all in the past now?

Not quite ... I am still convincing myself that I can earn money in this way ... notoriously hard though. I've had some success, but as you can see my losses thusfar have been far more.

We try to be friendly. We have all been in the same situation and each of us knows how much a little friendliness means :grouphug:

That's very good to know

nowheretorun

Thank you so much Scarlett, really appreciated. :beer: