Pay each debtor the minimum they require.
You don’t need anyone’s help – you can do this yourself.

Go to your library or bookstore and get a bood on debt/credit repair.
It will teach you step by step what to do.
Don’t even consider paying anyone to do this for you – they will simply try to make a profit from you.
/If you can’t do the bank, then the other places will only charge you more interest.

Here’s what you can do…

Pay the minimum amount on all of the debts except for the one with the highest interest rate. Pay a little extra on that, say 50 more per month.

Once that is paid off, use the amount you paid on the first debt you paid off towards the next highest interest rate debt.

Once the second is paid off, use the amount from the first two debts to pay off the third highest debt.

Repeat as necessary. It is important that you do this within your means. I.E. you don’t use credit or run up new bills in the meantime.

Do without. Pay everything on time. Pay cash for whatever you buy. If it’s a toy or luxury that you cannot afford. You do without.

Do not take on any of your partners’ debts. If he wants to go in with you on this plan, get your debts paid off first, or alternate, your debt, his debt, and so on… Do not be trusting, because you don’t want to get left behind again…

Best of luck! And remember! Do without!The first 2 answers are good ones. I would recommend you read the Dave Ramsey book. It helped me.

A strategy he points to is to concentrate on the lowest balance first while paying the minimum on the others. Once it is paid off, apply what you were paying to it to the next lowest balance. And so on. You will pay more interest this way but it will free up cash to really go after the bigger debts down the road. If you are struggling to get by this is the best strategy. After you get the extra cash you go after the high interest debts.With bad credit it would be hard to get a loan from bank. You can search for private lenders. If you are in UK, try here:

http://www.longdogfinance.co.uk/debt-consolidation-loans.html

There are no broker fees and you do not pay anything extra. With Debt consolidation you can not only consolidate all your debts into just one but also your repayment amount would be lowered.

Do enough search on internet to find the best loan deal for you.

 

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