Debt

Emmalene

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£11,850 in debt with loans and credit card and overdraft

I’m paying all on time and more if I can

My wages don’t stretch £1,089

M&S £3,133.56. £335.54 per month
Halifax £1,000.00 £100 per month
Starling £1,000.00 £100 per month
Halifax credit card £2,632 £500 per month
Halifax loan £3,697 £241.52 per month
Phone bill £100
Nails £50
Rent £100
Food/toiletries £50


I earn £1,089 a month


It’s over my wages


Plus I’ve got overdraft charges to pay also £90 in charges

Can’t get balance transfer card or anything as I’ve applied for a few in the last 6 months in a short space of time

Don’t want debt help like citizens advice or debt support or step change I’m sorting it but don’t know what else to do

Grumpelstiltskin

Duplicate thread.

https://forums.moneysavingexpert.com/discussion/comment/75222934#Comment_75222934

C.M.

You seem to be reposting because you don’t like the responses on your other thread; but the cold hard truth is your wages do not cover your current debts and outgoings. So each month I assume you are spending more into your OD, and putting basic living expenses like food on your credit card and getting further into debt.

You can not afford to be getting your nails done, you cannot afford a £100 phone bill.

You either need to increase your income through a second job, or promotion. Or you need to decrease your outgoings, with the debt commitments you have the only way to do this is to reduce your minimum payments via a dmp - whether that’s self managed or with help from a debt charity is up to you.

You are kidding yourself if you think you can buy a house within the next few years, so that’s no reason not to go into a dmp.

If you keep going as you are you are going to max out your credit availability and begin to default anyway. You are robbing Peter tomoay paul; and that can only last so long.

You need to wake up