Advise on best solution

Good evening,

I wanted advice on the best way to go forward with credit card debt.

I have around £24,000 in debt on 5 different credit cards in total. I am currently meeting all minimum payments and trying where possible to pay off more, they are all on balance transfer offers. However, one balance transfer offer is ending on the 25th of this month and 33% APR will start to be added on. I have tried to look for another offer to transfer the balance but given the current financial climate, there are no offers available. Please could I have some advice on what to do moving forward? I am unsure whether i should consider consolidating my debt through an IVA agreement. I am not a homeowner and work full time at present.

Many thanks in advance 


Comments

Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350K Banking & Borrowing
  • 252.7K Reduce Debt & Boost Income
  • 453.1K Spending & Discounts
  • 243K Work, Benefits & Business
  • 619.9K Mortgages, Homes & Bills
  • 176.5K Life & Family
  • 255.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.