I’m on a good salary so why can’t I get out of the red
DEAR DEIDRE: Even though I work full time, I’m trapped in a cycle of debt.
It’s making my life miserable and I often feel so anxious about it that I get panicky.
I’m a 38-year-old single woman and have a good job in IT.
But a few years ago, partly due to a bad relationship and some stupid decisions, I got into a lot of credit card debt.
I swapped my card balances around but when the zero per cent offers ran out, I realised I could only afford to pay the minimum each month.
Then the cost-of-living crisis hit and I had to take out a loan too.
My salary is fairly high but I have virtually nothing left once I’ve paid my mortgage and bills and made the repayments.
I’ve worked out it will take me 30 years to pay everything off. Please help.
Get in touch with the Dear Deidre team
Every problem gets a personal reply from one of our trained counsellors.
Fill out and submit our easy-to-use and and the Dear Deidre team will get back to you.
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DEIDRE SAYS: Debt can be a terrible burden, both practically and mentally.
You have done the right thing by asking for help. Just taking control of this will help you to feel less anxious.
My support pack Debt Worries tells you how and where you can get help.
You can also get good information and advice from citizensadvice.org.uk.
It may be that a long-term payment plan would suit you. There are charities that can help you set this up, such as stepchange.org (0800 138 1111).
