Getting out of hole

moneyman_34

Hi all,

What kind of things do you do to help yourself pay off debt? I have an idea, I want to be able to write about my journey through my debt and how I got into it. It was through my now ex-wife who took cards and catalogues out in my name. I have other plans to help myself through this by asking debtors to place my account on hold to then pay them off in a specific month. Do you think this would actually work?

Thanks in advance

Mnd

To answer your first point, to make a log of your journey to debt free, why not kick start your exsisting thread in the debt free diaries section.

You will get loads of help and advice, first will be do a statement of affairs

Good luck

Mark

EssexHebridean

First thing is to put together a full SOA (Statement of affairs) and then to go through it with a fine toothed comb to establish anywhere that you can make savings on your current outgoings - this in turn frees up more money to enable you to pay extra off the debt. You can also look into things like transferring interest-charging cards to 0% balance transfer cards. the link to the SOA calculator is in my signature - if you were comfortable doing so you could also post it in here and we could help you with going through it?

As an aside - you mention that your ex-wife took out cards in your name - if you mean she forged your signature to do it then you may be able to take action on these due to fraud?