what do i doi have no money and am up to my eyes in debt?

Question

i just dont know where to begin i have tried to work them out do you think citizens advice would help me

Answer 1

CAB are a good place to start, here is what they will do first.

1: Get together all the bills you have to pay to live: Food, Gas, Electric, Rent, Council Tax and look at where you can save on these.

2: Look at the other debts, and see where you can save or shuffle them, are they loans, credit cards etc.

3: Look at where you can get more money, if you are working, overtime, part-time work etc.

4: If you are on benefits, are you on the correct ones.

5: Why have you got yourself in debt, this may be the hardest one to face up to, is it Clothes, holidays, presents or what, and try to stop that issue.

6: The debt management agencies are the worst thing you can do, there are cheaper alternatives, you just have to look.

try http://www.nationaldebtline.co.uk

Good Luck

Answer 2

To access the list of government approved Consumer Credit Counseling Agencies who can provide Debt Management Plans, please go to:

http://www.usdoj.gov/ust/eo/bapcpa/ccde/cc_approved.htm

However, some debt agencies require a minimum amount of debt before they will enroll a consumer into their program. If you do qualify, the CCC Agency will setup an accelerated repayment plan, try to secure lower interest rates on outstanding accounts (possibly reage accounts and get penalties waived), establish an automatic withdrawal from your bank (one monthly payment) and then distribute these funds to your creditors based on the repayment plan (DMP).

Be sure to visit the FTC's website about credit. They have good information about what to look for in a credit counseling agency (see links below).

If you truly do not have any income, you may want to talk to an attorney about Chapter 7 bankruptcy. Chapter 7 involves liquidating some assets (if you have any) to pay off as much debt as possible and then canceling the rest of your debt.

There may be other options to help you get out of debt (like credit counseling, debt management, debt settlement, debt consoliation), but if you cannot afford them, then what good are they?

Much depends on your specific situation, which is why you should speak with a credit counselor or an attorney who can look at your situation and advise you to the best course of action.

I hope this gives you something to think about, and I hope you find a solution to your situation.

Please visit the links below for some helpful information.

Answer 3

Spend less than you make, control the urge for spend fansy tuff like plasma TV,new car, new fansy stuff you do not need.

Save up the memergency cash from 1000-1500 in case your car broke down or house need to be fix that able you to break out the debt cycle or credit card cycle. stop charge on credit card. List the smallest debt to largest. paying down the smallest, aattck the next one after finished off the smallest, like the snow ball effect. Start set aside 10-15% toward your 401k. In the mean time, start study investment the right way.

If I could do it, you could do it. at the age of 32, I already save 72000 in 401k, 30000 in cash account. it is not a brag, but fire up your desire to do it. If I can do it, you can. I countinue to save until one day I am able to work as an option not as an obligation

Answer 4

If you have visa/store cards etc, cut them up! Contact all the companies/people that you owe to and they will most probably let you pay off a bit at a time.
You could get a loan from a finance company (make sure it is a reputable one!), pay off all your debts so you only have 1 payment to make each month.
Get a job if you haven´t already got one - if you have, have you time for another in your spare time?
Make a list of all your incomings/outgoings - check out what´s eating up the dosh. If there are "extras" that you treat yourself to - cut ém out! DOWNSIZE IN ANY WAY YOU CAN!
Once you´ve done all the above, then go to CAB - at least you would have tried to sort yourself and you won´t feel so depressed.

Answer 5

I'm not offering a "get rich quick scheme", anything worthwhile and moral will take some work. Applying the information will allow you to earn an income within days.

Below is a link for information on how to become independent in a short matter of time. It has helped me tremendously on starting my own business. The book, inexpensive by the way, was written by a young, single, pregnant (when she started), woman named Holly Mann who gives a no-nonsense look at starting your own business. She gives exact details on how to start with no money and unlike other programs doesn't tease you to buy more expensive products. Her information is complete and easy to understand.

Take a look at the site for more information, no obligation.

http://work4noman.mannco.hop.clickbank.net

Answer 6

First stop is citizens advice bureau, they will put you in touch with a debt counseller. You should not consolidate your debts. pay some off the most important ones. BUT TAKE ADVICE!!

Answer 7

hi angela,
Firstly get a job or get a better paid job. second get the cheapest or most afordable accomodation. Thirdly look at all the options of getting one loan that suits you with the best pay back rates. Cut all your credit and debit cards up and do not spend more than you can aford. Citizens advice will help.

Answer 8

Absolutely! My mother works for th C.A. and has helped many people like you by talking through your full financial problems, the worst part is sharing that information with a stranger but I guarantee it will be worth it and you ll feel a weight has been lifted from you.

Its good that you want to help yourself as its very easy to bury your head in the sand and allow this situation to snowball!

Good luck.

Answer 9

Yes try citizens advice, also national debt helpline. There are ways out, be honest with your creditors, and any one who tries to help you. There are IVAs, ways of writing off a lot of your debt. Don't leave it, and good luck to you. Try this site, they really will help you.
www.nationaldebtline.co.uk

Answer 10

Three Suggestions 1) Consolidate your debts 2) File bankruptcy (bankruptcy is not advised for all cases) 3) Contact a credit counselor:

Ways to Consolidate Debt
http://www.debt-explained.com/category/Ways-to-Consolidate-Debt.html

How to Avoid Bankruptcy Explained
http://www.debt-explained.com/category/How-to-Avoid-Bankruptcy-Explained.html

Credit Counseling Programs
http://www.complete-debt-info.com/category/Credit-Counseling-Programs.html