Help/advice needed...

wench02
wench02 Posts: 25 Forumite
in Debt-free wannabe
Ok so I need some help. I have a number of outstanding credit cards to pay off (all 0%). I also have an overdraft on my current account which is constantly in use. (I’ve had a plethora of bills over the past few weeks which really haven’t helped.)

I clearly need to sort things out, which I am in the process of doing. However the major thing I need to address is getting the overdraft sorted out, as I’m paying for it each month.

Any suggestions

Comments

  • Bored
    Bored Posts: 389 Forumite
    Name Dropper First Anniversary First Post Debt-free and Proud!
    As your credit cards are on 0%, you should focus your efforts on repaying the overdraft, which is presumably charging you a monthly fee and/or a high-interest rate. Do you know how much money you have left to pay off debt every month? If not, it would be worth filling out a statement of affairs (http://www.stoozing.com/calculator/soa.php) and posting it here for more detailed advice.
    2023 Mortgage-Free Wannabe #19: £11,675.68/£13,000
    Mortgage Overpayment Total: £22,397.1
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