Debts

[CrazyDaisy80]

I am desperately trying to drag myself out of Debt. I am consolidating and moving to a Smaller Rented Room instead of a Flat, to reduce my Outgoings. Does anyone have any Hints & Tips to get out of Debt in less than 5 Years??
I Work 3 Jobs by the way!! So cannot get another Job to supplement my Income!!

[kate1976]

I absolutely love this site: www.moneysavingexpert.com

If you go onto the forums there then you can get a ton of free advice and support!

Good luck!

[kate1976]

Ok that link didn't work, try this one:

http://forums.moneysavingexpert.com/index.html

[CrazyDaisy80]

Thanks Kate1976!! Most grateful.... Crazy XxX

[what..the?]

forget everything else and look into doing an individual voluntary arrangement (iva) with an licensed insolvency practitioner - i cannot stress licensed enough- check your yell pages. check the 'insolvency service' website.

[CrazyDaisy80]

Well, I Work for The Insolvency Service of HMRC so No, I really don't want an IVA or Bankruptcy as I know exactly what both involve. I am able to Pay my Debts at the Rate they are asking each Month but what I wanted was Hints and Tips on how to Pay more each Month, like getting out quicker by getting better Deals or something. Sorry if that wasn't clear!!

[me12345]

all you have to do is offer all your creitors more money each moth and keep that payment up especially on credit cards this will reduce your payment from 35 years to just 5 years on average

[CrazyDaisy80]

That's okay In A Pickle, you weren't to know. That's Part of the Reason I wanna clear them ASAP as well as I don't wanna be made Bankrupt as I'd be moved out of my Job faster than you can say Insolvency!!!!
I think I am just gonna aim to Pay more each Month and Face that it is gonna be hard for a while!!

[muppeteer]

hello. work out the apr on each debt. pay the minumum monthly payment on the lowes ones & plough all your spare cash into the highest apr. when thats paid put the extra into the next highest & so on. will save a lot in interest. only consider consolidating with a loan if you are responsible enough not to get into more debt (can you tell ive been burned!)

[PhilBy]

If you have credit card debt then take advantage of 0% transfer offers ......... At least every penny you pay will come off your outstanding amount & none is took in interest. When that card(s) offer is coming to an end transfer again to a different card.

Not checked out either of the following links but hopefully you may find something of use to you ................ Good Luck :)

http://www.allclearfinance.com/uk_money_saving _ideas

http://www.frugal.org.uk/