debt

[knutters]

i have a lot of debt and while i still want to pay my debts i would like not to be able to get any more credit how do i do this i was told by a friend that i should be blacklisted

please help me

[scoobybob]

Try not spending what you don't have - the only person in control of you getting bot more credit is you!

[Uzoma]

You cannot actually be blacklisted by any company. However, it is very likely that a lender will not lend to you if you do not repay your current loans on time.

[dasherman]

Cut up your credit cards,don't apply for any loans and as scoobybob says,don't spend what you don't have.

Don't be tempted to consolodate your debts into one,as although you may pay less per month the overall term will be increased and you will end up paying more in the long run.

[Fieldmouse]

The first thing to do is to cut up your credit card/s. This will prevent temptation to spend. Then sit down and write yourself a budget, listing all your non-negotiatable outgoings on one side, (rent, food, fares to work, etc) and all your pleasurable expenses (toiletries, dining-out, etc) on the other. Then see what can be cut out. If you manage to do without it, every day put that amount of money away and use it every month to reduce your debt.
Don't take surplus money out with you, and keep a daily expenditure diary. You may be shocked to find how much you are actually spending on non-essentials. And try to reduce your most expensive debts first.