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I have detbs with credit cards etc, i am unsure of how many, is there away to find out how much i actually owe out to clear myself from debt? then i would like to try and pay these off the cheapest and fastests way possible so i can try to rebuild some sort of credit !

Hey michael, you could try registering with experian and getting your credit report sent to you. This should list everything. X

Hi Michael.
I would ring them and ask for the figure though it will change monthly with interest charges. I was told one way is to pay the monthly figure on all except the smallest, and pay all you can to the smallest debt and then as that is paid you have that as well to pay to the next smallest, move up to the next and so on.

Ang

The first stage is getting a complete list of creditors, the second step is working out an affordable budget which enables your creditors to be repaid as much as you can over the quickest possible timescale.

Aguise refers to a method of debt management called "snowballing" which is popular in the US. So long as this does not prejudice any of your creditors, it might be a sensible way forward, but it is perhaps better to just try and make pro-rata payments to all creditors until they are repaid in full.

Ask the creditors if they will stop charging you interest and charges in the meantime.