Help!!!!!!!!!!!

wot_a_life

I have just worked out all of my creditors and with the amount I am paying them each month, I am going to be in debt until I am 95!!!! (if I live that long)

How can I bring them down quicker? they are not accumilating interest, do I start paying the smallest more first or the oldest or the largest???

Burlesque_Babe

hi there

I would recommend putting up a Statement of Affairs (SOA), all the details are in the sticky at the top of the board.

This will give everyone the opportunity to have a look at your situation and help you get the debt down as quickly as possible.

As to which to pay off first, if none of them have any interest accumulating, then go for whatever makes you feel best psychologically. Paying off the small ones will help you feel you are making quick in-roads, but you might want to tackle a big one first to see a larger chunk disappear when it's all paid off.

wymondham

would this post benefit from being moved to the debt free one ?