Help and advice need please

debtblonde

Hello l am new to this forum thing, but hopefully l will get the hang of it! Anyway l have serious debt and am starting to lose control of it,
I owe 12000 on credit cards and 7000 on a loan, l have been paying the miminum on the credit cards but lately l am struggling. It is making me so anxious and worried how can l start to make a dint in this debt pile??
I have a full time job earning 20000 a year, but live in a house with mortgage, l have a partner who pays half of bills and mortgage but outgoings after l have contributed to that leave me with nothing.
Hope you can understand this l do start to go on to much
Thank you :mad:

immoral_angeluk

Does your partner earn more than you or less? 50/50 split is only fair if you're both earning exactly the same..

sparky0107

Hiya debtblond,
Welcome to the forum, you need to post your full SOA (statement of Affairs) total incom/outgoings, with APR's and breakdown of what you owe to each debt. Some very clever people will come along & advise you where to make cutbacks & savings. You've taken the first step kid & welcome to MSE. Good Luck

debtblonde

No he earns about 26000, he does pay 600 a month and l pay 400, sorry l should of said. I just feel like lve let him down, l dont want him to take any responsibility for my debt l just want to sort it myself.

payingfornowt

Phew, thanks for the last post. I thought you were my missus posting anonymously!

Tell him, he might have some experience, solutions or at least a bit of moral support. I can imagine he would only be dissapointed if you didnt share things with him....

Post your SOA and there will be some clever so and so who can help you save enough to send the pile in the right direction.

Good luck.

debtblonde

Ok l was told to give all debt and outgoings that l have and income, so here goes!
Income per month ranges from £1100-£1250 depending on shift allowance or weekends worked.

RCN Union £15.42 (have to pay this or cannot work per month)
Christmas saving club £30
Phone £30
House bills £400
Per Month l pay on credit cards £350
Egg Loan owe £7700 pay £202 per month and its up in 3 years

This is my total credit card debt broken down.

Barclaycard owe £3345 APR 24.9% (they wont change APR rate)
BOS Unison owe £2480 APR 10.9% (they changed from 15.8)
BOS TUC owe £3662 APR 17.9% (they wont change APR rate)
MBNA owe £1892 APR 34.9% (they wont change APR rate)
MINT owe £1313 APR 14.8 (they wont change APR rate)

I do only pay the minimum on the cards
Any help or advice would make my day, thanks everyone for your time

RAS

Hi

Thanks but we need to see the full SOA.

http://forums.moneysavingexpert.com/showthread.html?t=107280

As you have already realised, if you just pay the minimum on the Barclaycard and MBNA card, your debt will increase over time. So we need you to add the minimum payments and maximum limits on all the cards.

I now that OH and you are paying lump sums for the mortgage and bills, but some of the savings to be found will be there, so can you ,list them all up as well.

Frighten yourself silly and put the debts into the snowball on https://www.whatsthecost.com

debtblonde

A joined a few weeks ago and asked for help with my debt and l was asked to include all out goings and income and debt so here goes.

My income is anything from 1100-1250 per month depending on shifts and weekends worked.

Union £15.42 (need to pay or cant work)
Xmas savings £30
Phone £30
Housebills £400
Credit card bills £310
Loan£202

Now all my debt

Loan owe £7700 (202 per month)
Barclaycard owe £3345 APR 24.9 (wont change APR) Minium pay £76
BOS Unison owe £2480 APR 10.9 (changed from 15.8) Minium pay £56
BOS TUC owe £3662 APR 17.9 (wont change APR) minium pay £85
MBNA owe £1892 APR 34.9 (wont change APR) minium pay £54
MINT owe £1313 APR 14.8 (wont change APR) minium pay £36

I only pay minium on my cards and the loan is up in 3 years
Any help or advice on where to turn would welcomed

chevalier

debtblonde wrote: »

A joined a few weeks ago and asked for help with my debt and l was asked to include all out goings and income and debt so here goes.

My income is anything from 1100-1250 per month depending on shifts and weekends worked.

Union £15.42 (need to pay or cant work)
Xmas savings £30
Phone £30can you go payg?
Housebills £400what does this consist of ie electric/gas/landline/building and contents insurance/water/broadband/ council tax (and the council tax you can ask to do over 12 months not 10)? All of these can be checked to see if they are the cheapest which would save you both on these bills.
Credit card bills £310
Loan£202
There is nothing on here for FOOD! Or dental/prescription/optical costs, or going out/fags/ birthday savings/ car, mot, petrol, service, car tax. Are you paying anything to the mortgage?

My suggestion is that you either up your income by doing online surveys, or work out a joint budget, that gives your temporarily a higher level of disposable income.

If this isn't possible, then I would suggest calling CCCS or Payplan and talking through your options. As regards the APR's on the cards, do any of your cards have any spare room on them that you could balance transfer some of the high APR debt onto? This would at least mean then that you were paying of more capital
good luck
chev