Reduce My Debt

I have a loan, credit card and overdraft great that I'm £ 1700 over my limit. I searched for ways to reduce my debt, but the options as IVA require you to have more than 1 creditor? I have about 25,000 pounds and am on the minimum wage. Advice please?

I had over 25k and I know how you must feel sick. You need to talk to the CCCS (Consumer Credit Counselling Service). They will put you on a plane and help you settle your debts. They do not charge interest on and turn off your debts. It is not easy, but it's the only way to do it unless you want to go bankrupt. I could not go bankrupt when I was working in a accounting at the time and I lost my job. Visit them on the Internet and call them - seriously do it now before it gets worse - especially in the economic climate. Please do not make loans and things like that will never end. Good luck!

ps I have mine paid over 5 years and a half, but the relief is fantastic. Its hard.

While the CAB can help manage the debt is not the answer. If your loan and credit card were taken before 1 April 2007, you can get them legally canceled. www.bdebtfree.info site will help you do. You'll need to open another account because your bank will not be happy with you, but the law is the law and his money. Good luck.

debt negotiation scams are rising.
Be careful.
Go to your bookstore and find a book about credit repair and personal finance.
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