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ok so today i start on the road to recovery
Tenthghost
Posts: 2 Newbie
my names luke im 21 and have cash porblemsi work in a warehouse which pays pretty well i ill give a run down of my expenditure and debt:
Debt:
1. cc £131 now closed £20 amonth
2.cc with 1337 with a limit of 1450. Just got this a few weeks back as i had a few expenditures to pay for such as a stag weekend suit etc
3. loan of 3000. which 179 amonth with pp over 2 years
4.store card thourgh barclays with £863 limit off 1000 which i have to start paying in march.
overdraft: £200 in current account always used
£287 in a natwest account which i never use where ive been stupid and not cancelled their monthly cahrge for the account
So where do i start?
Debt:
1. cc £131 now closed £20 amonth
2.cc with 1337 with a limit of 1450. Just got this a few weeks back as i had a few expenditures to pay for such as a stag weekend suit etc
3. loan of 3000. which 179 amonth with pp over 2 years
4.store card thourgh barclays with £863 limit off 1000 which i have to start paying in march.
overdraft: £200 in current account always used
£287 in a natwest account which i never use where ive been stupid and not cancelled their monthly cahrge for the account
So where do i start?
0
Comments
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Hello there!
Ok, are these your only monthly outgoings? What about rent, food, travel costs, birthdays and christmas?
You need to complete what we call a SOA and there is a sticky on this forum which tells you how to complete one.
We need to know the interest rates of your debts and how much you earn.
Once we can see the whole picture then we can advise you how to cut back and how to pay everything off.
Good luck- it won't be quick to get out of debt but it is doable.Debt: 16/04/2007:TOTAL DEBT [strike]£92727.75[/strike] £49395.47:eek: :eek: :eek: £43332.28 repaid 100.77% of £43000 target.MFiT T2: Debt [STRIKE]£52856.59[/STRIKE] £6316.14 £46540.45 repaid 101.17% of £46000 target.2013 Target: completely clear my [STRIKE]£6316.14[/STRIKE] £0 mortgage debt. £6316.14 100% repaid.0 -
u got msn by anychance0
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No sorry- I'm at work on break at the mo.
Just noticed your light is out so you must have logged off for the night.Debt: 16/04/2007:TOTAL DEBT [strike]£92727.75[/strike] £49395.47:eek: :eek: :eek: £43332.28 repaid 100.77% of £43000 target.MFiT T2: Debt [STRIKE]£52856.59[/STRIKE] £6316.14 £46540.45 repaid 101.17% of £46000 target.2013 Target: completely clear my [STRIKE]£6316.14[/STRIKE] £0 mortgage debt. £6316.14 100% repaid.0 -
Welcome to MSE Luke, as Kaz has said put your SOA up here for people to see where you can make cutbacks.
Well done on posting and making the first step x xPay Debt by Xmas 16 - 0/12000
There is something about the outside of a horse that is good for the inside of a man.0
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