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    • heidiprincess13
    • By heidiprincess13 14th Jul 17, 1:08 PM
    • 114Posts
    • 8Thanks
    help with debt
    • #1
    • 14th Jul 17, 1:08 PM
    help with debt 14th Jul 17 at 1:08 PM
    Hi all.

    I am hoping someone can help me and get my debt gone!!

    I was coping ok, but now I am a carer to my son and I am not working. I am constantly in my overdraft and I am only paying the min payment on 3 credit cards.

    I have just applied for a loan with my bank (tsb) and computer said NO.

    I have just opened an basic current account so I can see what money I get and not seeing it being eaten up by my overdraft all the time.

    What options have I got??? for example I owe 1600 on a credit card and the only card I can be accepted for is Aqua and I can do a balance transfer but the limit on the aqua is 900 and now I'm just so confused.

    any help would be much appreciated as this is really getting me down now. TIA
Page 1
    • Guest101
    • By Guest101 14th Jul 17, 1:24 PM
    • 15,118 Posts
    • 14,796 Thanks
    • #2
    • 14th Jul 17, 1:24 PM
    • #2
    • 14th Jul 17, 1:24 PM
    Debt Management Plan?

    Are you claiming everything your entitled to?
    • sourcrates
    • By sourcrates 14th Jul 17, 1:37 PM
    • 14,034 Posts
    • 13,288 Thanks
    • #3
    • 14th Jul 17, 1:37 PM
    • #3
    • 14th Jul 17, 1:37 PM

    Forget about balance transfers and further borrowing, thats not the way to deal with your debts.

    As your not working, i assume your only income is benefits, if thats the case you should cease all non essential credit payments straight away, or reduce them to 1 each per month.

    Make sure your essential bills are paid, essential bills are classed as :

    Council tax
    Utility bills
    Any other essential payments.

    Bottom of the list comes unsecured credit payments.

    Have a look on the stepchange website (address is in my signature)
    see which options are open to you, for example, if a non homeowner, a DRO (Debt relief order) may work for you, otherwise a DMP (Debt management plan) may be in order, depends on your debt level and your personal circumstances.

    Have a look and see, in the meantime, post up an SOA (Statement of affairs) dont forget to format for MSE, and you will get more advice relative to your situation :
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to Any views are mine and not the official line of

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Free Legal advice see :
    • StopIt
    • By StopIt 14th Jul 17, 1:46 PM
    • 1,395 Posts
    • 1,250 Thanks
    • #4
    • 14th Jul 17, 1:46 PM
    • #4
    • 14th Jul 17, 1:46 PM
    You need to post a full SOA, and then work from there.

    From previous posts, you had an issue with a potential CCJ and your partner had a work limiting injury and you were looking into ESA? Has either of these been progressed.
    • DCFC79
    • By DCFC79 14th Jul 17, 10:07 PM
    • 31,662 Posts
    • 19,970 Thanks
    • #5
    • 14th Jul 17, 10:07 PM
    • #5
    • 14th Jul 17, 10:07 PM
    Post an SOA and you will get help.

    What I will say is you need a strong will to stick to the plan, not buying stuff you can do without.
    Can people stop loaning money/being a guarator to family/friends, it rarely ends well and you lose out as your money is gone or you get shafted with being a guarantor.
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