So heres the problem

[ansme]

I took out an 0% Egg credit card to pay off my student overdraft with Abbey National as they were demanding �1500 in a month and a half. I also stuck my nationwide overdraft - �700 on the same card to clear both the overdrafts I had.

However, as I am an absolute IDIOT and at the time had seriously little control over my spending purely down to my lack of disipline with money.

So, I didn't close the 2 overdrafts I had clear and continued to use them and they now stand at -�1005 combined.

I also broke the rules and spent on my credit card.

So that is the situation and I'd like some advice as to what you think I should do.

I now have �1190 on the Egg Credit card paying 16.8% interest and I have transferred the remaining �3500 onto an Abbey Zero card. At the moment I'm paying a direct debit on the egg card of �100/month and �200/month on the Abbey card then any money I have left I pay off of the egg card.

The Abbey 0% runs out oin November so I have 4 payments left to pay back �3100 (as I've already made 2 payments of �200).

So my question...

Should I reduce the Abbey dd to the minimum which I think is approx �5 and put the remaining �195 towards paying off the Egg card then once it's paid off save the remaining �195 in account to earn some interest on it? This can then be used to pay off the total remaining amount off the Abbey card in November?

As of August payday I can afford to put away between �600-�800/month... I'm looking to go back to uni in 2009 to qualify as a physiotherapist so I want to be debt free by then and have some cash behind me.

As well as the credit cards I also owe a relative �7625.

Anyway enough of my rant! I guess I just really want some advice on the best way of paying both of them back and I thought you guys would be the best people to ask...Sorry if this rambles on but I'm

[ansme]

...I'm all confused and rubbish with money! Help

[R1Geezer]

The problem here is that potential advisors would be immediately disssuaded from typing because, by your own admission, are clueless.

[ansme]

hmmmm yeah I see what you're saying so no one is going to be even remotely interested in helping me out because I've not been that great with money in the past.

Thanks R1Geezer...Off to money saving expert I go!

[karmgirl]

ooo sounds like ou in a right pickle. I have never had a credit card and don't intend to if I can help it.

Sorry I can't advise but I think you should talk to citizens advice

[buildersmate]

Can't get my head around your detail. The simple rules is you juggle between the 2, paying off the one(s) that charge the highest interest rate first. And, at 0 percent interst, that means the relative is going to have to wait until the very last.