Help with debts Barclaycard, Zopa, Novuna

[paruzzo]

Hello,

I need advice with my debts.

So far no missed payments, but I found myself in a position, where I will not be able to pay them all.

The very maximum I can spend each month is £150.

At the moment my instalments for loans are £326 + interest on overdraft (Barclays) £25 + interests on barclaycard balance £145. The total is around £500 / month.

1. Novuna Personal Finance (previously Hitachi) balance left: £2332  monthly payment is £131 , end of loan 25/04/2025. I had a loan with them in the past, which I paid of earlier.

2. Zopa balance: £3560, monthly payment £195,  end of loan around May 2025. Agreed to be reduced for 6 months to £25 / month. I have contacted them personally. I had a loan with them in the past, which I paid of earlier.

3. Barclays credit card: limit £6500, Used £5047. This is the most painful one. I am paying the minimum payment of £145 / month, but the balance doesn't go down. I am paying interests only for couple of years now - not using it, eventually want it to be closed.

4. Barclays overdraft, £2000, used £1000. I am paying the interests only. Eventually want it to be closed.

 

Thank you,

 

seb

 

 

 

[dx100uk]

well you could try the gov't breathing space scheme or you could have a look at our pro rata letters in the debt collection section of our library.

one thing i would do is get ALL income paid into a parachute account ASAP 

then you are in charge not a bank that you have an OD with that snatches most if it each month.