Credit card debt

Sampagne

Any help with this would be hugely beneficial,

Currently I have a credit card with Barclay card, which was 0% but I missed a few minimum payments and now have had the 0% removed, I am currently sat on £9500 worth of credit card debt and just don’t see a way out, I pay my minimum every month as that is all I can do, and just don’t see a way of clearing the credit.

Serious need of some
Help??

Anyone had anything similar...

Regards

[Deleted User]

If you can't BT it, then you will need to cut costs and pay back faster.

Visit the DFW boards and do a SOA and they'll give advice on how to cut your budget.

Sampagne

I’m new to the forums, Dfw?.... sos???

Sorry

[Deleted User]

Debt Free Wannabe. https://forums.moneysavingexpert.com/forumdisplay.php?f=76

Statement of Affairs (your income and outgoing).

foxy-stoat

Sampagne wrote: »

Any help with this would be hugely beneficial,

Currently I have a credit card with Barclay card, which was 0% but I missed a few minimum payments and now have had the 0% removed, I am currently sat on £9500 worth of credit card debt and just don’t see a way out, I pay my minimum every month as that is all I can do, and just don’t see a way of clearing the credit.

Serious need of some
Help??

Anyone had anything similar...

Regards

Spend less and pay more off your card balance.

When you pay your minimum you only pay a fraction of the balance you owe so you need to pay a lot more. You should be aiming for clearing the balance in 3 years, so your monthly payments should be in the region of £450 for at least 12 -18 months.

You could try applying for other balance transfer cards but with missed payments you are not likely get one.

Try selling as much stuff as you can and paying into the card, what did you spend £9500 on?