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

wot_a_life

I'm in debt, I've just worked out with what I am paying my creditors each month, I am going to be in debt until I am about 95!!!

How do I go around paying more? do the biggest come first, the oldest or the smallest?

liz105

have you posted an SOA? and have you looked at a snowball calculator?

mum2one

The first instanve make sure the essentials are paid, house, gas, elec are paid first, work out your budget.

The best way is look at the APR, obviously the higher the APR the more interest, list them in order of higher to lower, try and allocate bit more foe the higher APR card, then when this card is paid, put this money off the next higher card, like a snowball effect, eventually your end up paying one card, large amount of money.

There are places such as CAB etc, that give you the technical / professional advice.

Hope that helps x

Little_Pickle

wot a life....

go to the sticky post on the DFW board (It's the one at the top of the page) and that will tell you where to start... then pop back, and let's get started!

And alos.... a very, very big WELCOME!!!
LP
xox

Karmacat

Hi wot a life

Just supporting what Little Pickle has said - work out whats going on with your money right now, via an SOA, get the outgoings down, and then pay attention to the order of debt repayment. You've got the right idea, tho, about paying attention to individual debts one by one. Good luck.