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Debt free
Wolvolad40
Posts: 4 Newbie
I want some advice on how to get out of debt without an iva
0
Comments
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Hi, none of us can help unless we have more information.
What debts do you have? Would you be able to complete an SOA (statement of affairs). There is a link in a pinned post on this board.
Good luck
1 -
Naomim is right about the SOA - that's the first step, and without that we really can't help much. In theory the answer to your question is simple, pay more off the debt each month than the interest is adding, but without a proper solid household budget in place and being stuck to, that may be difficult.
The bigger question here may be to ask whether you have now taken steps to stop the behaviours which have lead to the debt? That is key to helping yourself out of the hole you are currently in.🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
Balance as at 31/08/25 = £ 95,450.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0
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