is there ANY way I can speed up paying off this debt or not?

[JonSnowKnowsNothing]

My debts (not including student loan) are:

£1k remaining of a £4k graduate loan (I pay 100/month but 20 comes back off as interest)
£500 on one cc (only paying minimum)
£1650 overdraft (not shrinking)
£1500 on another cc (only paying £50/month at the mo)

At the moment I'm struggling month to month but am committed to getting rid of this debt. I've cut up both cards and don't ever want one again. Due to my crap credit the bank will not give me a loan to consolidate. Is there anything I can do/re-prioritise to get rid of this? If I carry on like this I think it's going to take another 3 years, which is a long time, but I can do it if no other option...

[Nerfmother]

Come and join us on the support thread!

[JonSnowKnowsNothing]

Oh! Didn't see that...will have a look for it now. Thanks!

[JonSnowKnowsNothing]

Would you mind linking me to it, NM? I'm not sure which it is!

[NoelOfLorst]

If you put the details of your debts into this calculator (interest, min payments etc) with the money you have available to put towards it, it works out the quickest way to pay it off

[nannynick]

Look at the interest rates of each loan. It is usually best to pay off the one with the highest interest first, working down to the one with the lowest. Always making sure you are paying towards all the loans so that you do not get any additional charges and maintain a good record of paying back each loan.
Look at which loans will let you overpay - some will, some may not. The credit cards and overdraft will let you pay as much as you like above minimum payment. The graduate loan is one to look at as that may be over a fixed period of time.

Money Matters: Support thread for people who are in debt

[nannynick]

Set yourself an achievable goal. To start with I would start with the lowest CC, the £500 one. Can you pay that off over the next two or 3 months? Set yourself the goal, achieve it, then give yourself a mini reward (dvd rental, cinema trip, take-away food, something that won't break the bank but is not something you do on a daily basis).

[JonSnowKnowsNothing]

Thanks both so much. Im having a read of the other thread. Some really inspiring stories on there. Great advice, nannynick - Im ashamed to say I dotn know the interest rates on any of my debts.
I will look at the calculator, Noel, as soon as I've ascertained these.
Thanks so much