Please tell me what order to pay my debt off in, thank you so much!

CoinOfWellness

So I'm starting to get this sorted out, talking to creditors and getting on repayment plans, etc, so I have 6 months until they will end.

What order would you do when you have about £200 a month spare?

Bed loan - £155.40 - 0% - £51.80 - 3mnths left (10mnth plan was £518.80)

Overdraft - £400 - constantly in this - £12.32 a month/44p a day

Argos card bnpls - £468.89 - £117.98 30/09/24 & £350.91 30/06/24 - no min

Capital one cc - £499.29 - 30.34% - £27.08 min

Dad loan - £690 - 0% - no min

GMB loan - £713.60 - 3& monthly - £64 min - £54 loan/£10 goes into a savings pot I can access later

Creation bnpl's - £999.02 - 29.9% - £58.92 min

Very - £872.56 - 47.9% - £45.51

Vanquis cc - £995.90 - £60.16 -  have it at £10 for 6 months

Sainburys cc - £1,310 - overdue - should be £40, now £91.21 - have it at £20 for 6 months

I haven't called anyone else yet.

Thank you so much for everyones help! I'm so looking forward to being debt free.

SassyS

If you do an SOA and then add it to this - then that will give everyone more idea of your outgoings and how to tackle  

https://www.lemonfool.co.uk/financecalculators/soa.php

13thlegion

Long answer - for short answer scroll to the bottom of my post.

I'd echo doing an SOA on lemonfool. Plus reading this thread https://forums.moneysavingexpert.com/discussion/6496941/in-debt-and-wannabe-debt-free-first-steps

A great feature of the lemonfool statement of affairs (SOA) tool is it links with their debt repayment calculator which will give you a great answer to your first question.

The reason you will get lots of us saying do the SOA is it will help you budget to see exactly what money you have to tackle these debts whilst meeting all the important outgoings to carry on with a life. With the long list of different debts, and being constantly in your overdraft, the suggested story is that you struggle (as we all do and have done here!) to stick within your means of your income. This is a great place for friendly support so welcome. Many share the SOA on here as then others can comment and help spot gaps or ways to make savings. Lemonfool has a format to MSE option so it fits this forum. You don't have to share if you don't want to.

Some tips for doing your SOA, as we all get it wring the first few tries. 

• Create one that is accurate to your life now. Get lots of bank and credit card statements in front of you and fill it in as accurately as you can. For odd expenses that do no recur monthly, work out how much you have spent in that category in the last year and divide by 12 (e.g. if you spent £600 at Xmas you spent £50 per month on it, if your holiday cost £1200 you spent £100 a month on it). This will be painful and ugly. 
• Then create one that is a realistic aspiration. This is the start of your budget. This will also tell you how much you have to take towards your debts. From there how you tackle them is up to you but you will have to stick to your budget. By using the SOA as a template you should be able to avoid the need to use more credit.

Short answer: 
Debt snowball - pay off the smallest first. Makes quick wins and feels like making progress faster
Debt avalanche - pay off the one with the highest interest first. Saves you money in the long run.

NeverendingDMP

What's the cost.com website and debt payoff planner app are both fab for putting in figures,  messing about with options and deciding what you want to pay first. Could be highest interest first to save money, smallest bill first to get motivation going or whatever it takes to take rid of the highest monthly bill to help you cope day to day.  Other mathematical folk will come.on and give u a plan but that site/app is recommended from me. 😊