Just a little help if possible please?

A question about : Just a little help if possible please?

Hi,

Not sure if I am doing this right, never really posted on a forum before. Anyway I was just wondering if anyone could advise on what I can do next?

I have looked over the debt management information on this website and I have a debt problem.

I have about Ј6000 in debt. This includes Ј2000 over draft, Ј2000 loan and 3 credit cards.

It has been used over the years and especially last year when I lost my job to help pay rent etc. (benefits didnt cover it all)
Anywhooo, I have put down out goings on things such as car insurance, pet insurance and mobile phone bill to nearly half which has saved me money. I spend on petrol weekly as little as I can but family and friends live away from my city.

I dont know whether to ring Capital one which has my highest credit card amount Ј1000 see if can bring the APR down from 35% without transferring my other cards to them, does this actually work or have i just made this up?
I have Ј1000 savings so transferred that to help some of the debt.

I have a RBS credit card but i think its a student one, would they accept me on to a normal credit card? has anyone ever had anything like this?

I have done the practice run on whether I can get a credit card on free balance transfer and RBS has come out top at 5/10, the rest is below. I pay all my credit cards on time via direct and not missed payment on my loan. I did have a bad time paying on time about 7 years ago which has affected me. I am really scared to apply incase I get refused as that goes against your credit file.

I do have internet and tv however this is paid for through work Bonus and so is the gym so there isnt really anything else I spend on other than the above.

I apologise for rambling on to much.

Thank you in advance.

Best answers:

• Hi and welcome to the forum
  Are you currently able to meet your repayments but just that your debt is not going down as quickly as you would like?
  Have you put your savings towards whichever debt has the highest APR?
  It can be worth asking to see if a lender is willing to reduce the APR on your credit card, some people have reported success with trying that.
  In terms of making an appication and whether that does against you - making one or even 2 applications shouldn't be an issue, but it is advisable not to make lots of applications close together.
  Not sure on the student credit card - does it still have a balance on it? and is it a high APR?
• You have Ј1,000 of saving, and Ј1,000 of debt at 35% APR
• I say savings, I got this through loosing job. Long story but yes will be going towards the high APR. Only got this money this year.
  Student credit card not sure on APR but only pay Ј15 per month towards it.
  Yes its basically lowering my out goings towards my debt which is a total of Ј170. My loan is Ј85 per month.
  Thank you very much for responding.
• If you could fill out an SOA (Statement of Affairs) here:
  https://www.stoozing.com/calculator/soa.php
  then we can get a better idea of your outgoings and see where we can help cut things back