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Where Do I Start?
WorkFromHome
Posts: 143 Forumite
Okay so I’m in a !!!! storm of debt brought about by trying to make a business happen that couldn’t get going.
Now I have about 4 maxed credit cards and a £3000 loan to pay off.
How do I even start to reduce this? Is there a way to put all my credit card debt onto one? I don’t think I can because each one is about £2000.
Now I have about 4 maxed credit cards and a £3000 loan to pay off.
How do I even start to reduce this? Is there a way to put all my credit card debt onto one? I don’t think I can because each one is about £2000.
DEBT: 27/12 £4060 :mad: 6/1 £3906 :beer: 15/1 £3756 :T 30/1 £3700 :cool: 7/2 £3911 
19/4 £3108.93 :T 31/5 £3095.12
May Challenge £5 a day: £5.41 / £155 June Challenge £5 a day: £22.25 / £155
WON 2015: £50 Argos voucher, Xbox One, 2 cinema tickets, £10 Amazon voucher
19/4 £3108.93 :T 31/5 £3095.12May Challenge £5 a day: £5.41 / £155 June Challenge £5 a day: £22.25 / £155
WON 2015: £50 Argos voucher, Xbox One, 2 cinema tickets, £10 Amazon voucher
0
Comments
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Hi,
If they are business debts then business debt line is the place for advice, if personal debt, try step-change.
Alternatively post a statement of affairs on here and we may be able to suggest options.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
OP if all are equal in amount. Start with the highest interest one and gradually work through them one by one.Paid off the last of my unsecured debts in 2016. Then saved up and bought a property. Current aim is to pay off my mortgage as early as possible. Currently over paying every month. Mortgage due to be paid off in 2036 hoping to get it paid off much earlier. Set up my own bespoke spreadsheet to manage my money.0
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