My debt

holley

I was considering taking out a consolodated loan but after reading posts on here I dont think it is the way to go, I owe about £22,000 I am just about paying off the minimum at the moment I will get a soa posted to see if anyone can help you are all so supportive on here its such a big step to admit you've got debt and I know all of you have been there I just want to see a way forward and to be able to live just a little.
Do I need the interest figures for my loans etc for the soa?:eek:

mhe

Write down all your incomings all your outgoings and all your debts
NAME OF DEBT/ INTEREST / AMOUNT OWING / LIMIT
then lots of lovely people will help you achieve that DFD

HTH
MHE

CCCS_Alan

Hi Holley

Well done for posting as the first step is always hard but hopefully it’s a step closer to been eventually debt free.
You are right not to look at consolidation loans as you are only increasing your total debt by adding on more interest. It also can lead to the temptation of re spending on your otherwise cleared credit cards worsening your situation.
If you know you are in trouble destroy your cards and return them to your provider to get rid of the temptation to spend on them.

Once you have posted your SOA and you have been advised on what areas to look at, try the online advice facility called Debt Remedy. Here you can input your financial statement and be provided with advice on the best way to deal with your situation. Hopefully it can point you in the right direction to proceed in.

Good luck

CCCS_Alan.

ms_london

Hello!!

How is the SOA coming along? it would be a great help if you could post one!

I owed 19,000 - so not far off what you owe, and I am now debt free & travelling, so it can be done!

xx