Hi, Sorry, this is a repost of something I posted in the wrong forum. I've been pointed to this site by a friend who suggested I look into other options of dealing with my £28k worth of debt other than just paying off the minimum each month. Basically, as a result of a divorce I managed to put myself in a situation where my monthly pay-check for the past 5 years has gone towards paying off my credit cards rather than spending any money on my 2 children or recently my new arrival. I'm looking for help. I'm paying off all my debt at the moment and I will probably be able to continue doing so for a long time. But I'm unable to be able to reduce the debt I owe so each month the cash I earn drains out of my account. Is there any sensible way out of this situation without damaging my credit rating? My debt is currently (roughly) as follows: 1. £12k Lloyds unsecured personal bank loan @ £289 / month which I've had for 4 years. 3 years still left to pay; 2. £9.5k Virgin credit card @ £202 / month which I'm basically only able to pay the interest off each month; 3. £4.3k Lloyds Bank credit card @ 88 / month which I've been paying off and adding to for about 3 years which I'm paying off at slightly over the monthly interest repayments; 4. £3.2 Egg credit card @ £77 / month which was used for cash withdrawals that I've been paying off for about 6 years; 5. £800 / month Lloyds overdraft 6. £500 / month going to the ex wife 7. £243 / month going to childcare vouchers 8. £127 / month mobile phone, gas insurance, life/car insurance 9. £250 / month food shop 10. £200 / month fuel Out of a £2.1k wage packet that leaves me £150, any help gratefully received.

Hi, I've been pointed to this site by a friend who suggested I look into other options of dealing with my £28k worth of debt other than just paying off the minimum each month. Basically, as a result of a divorce I managed to put myself in a situation where my monthly pay-check for the past 5 years has gone towards paying off my credit cards rather than spending any money on my 2 children or recently my new arrival. I'm looking for help. I'm paying off all my debt at the moment and I will probably be able to continue doing so for a long time. But I'm unable to be able to reduce the debt I owe so each month the cash I earn drains out of my account. Is there any sensible way out of this situation without damaging my credit rating? My debt is currently (roughly) as follows: 1. £12k Lloyds unsecured personal bank loan @ £289 / month which I've had for 4 years. 3 years still left to pay; 2. £9.5k Virgin credit card @ £202 / month which I'm basically only able to pay the interest off each month; 3. £4.3k Lloyds Bank credit card @ 88 / month which I've been paying off and adding to for about 3 years which I'm paying off at slightly over the monthly interest repayments; 4. £3.2 Egg credit card @ £77 / month which was used for cash withdrawals that I've been paying off for about 6 years; 5. £800 / month Lloyds overdraft 6. £500 / month going to the ex wife 7. £243 / month going to childcare vouchers 8. £127 / month mobile phone, gas insurance, life/car insurance 9. £250 / month food shop 10. £200 / month fuel Out of a £2.1k wage into my pocket per month, that leaves me £150, any help gratefully received.

Hi, I've been pointed to this site by a friend who suggested I look into other options of dealing with my £28k worth of debt other than just paying off the minimum each month. Basically, as a result of a divorce I managed to put myself in a situation where my monthly pay-check for the past 5 years has gone towards paying off my credit cards rather than spending any money on my 2 children or recently my new arrival. I'm looking for help. I'm paying off all my debt at the moment and I will probably be able to continue doing so for a long time. But I'm unable to be able to reduce the debt I owe so each month the cash I earn drains out of my account. Is there any sensible way out of this situation without damaging my credit rating? My debt is currently (roughly) as follows: 1. £12k Lloyds unsecured personal bank loan @ £289 / month which I've had for 4 years. 3 years still left to pay; 2. £9.5k Virgin credit card @ £202 / month which I'm basically only able to pay the interest off each month; 3. £4.3k Lloyds Bank credit card @ 88 / month which I've been paying off and adding to for about 3 years which I'm paying off at slightly over the monthly interest repayments; 4. £3.2 Egg credit card @ £77 / month which was used for cash withdrawals that I've been paying off for about 6 years; 5. £800 / month Lloyds overdraft 6. £500 / month going to the ex wife 7. £243 / month going to childcare vouchers 8. £127 / month mobile phone, gas insurance, life/car insurance 9. £250 / month food shop 10. £200 / month fuel Out of a £2.1k wage into my pocket per month, that leaves me £150, any help gratefully received.