just this really.
in my younger years i amassed a fair bit of debt, think unpaid bills, store cards etc, when in a bad relationship where every penny went on the other persons addiction.
as you can imagine this obliterated my credit score.
the last 3 years, i have managed to step away and have finally sorted my life out away from people with addictions, and all my bills etc are up to date.
i had 2500 i had saved from 2 benefit back dates.
i have recently paid 1000 of this to the local council and set up a further direct debit monthly to pay off the rest of the debt i owe them.
so have 1500 left in savings.
i still have around 3.5k in debt, most of it 4 plus years old.
i want to really get this down over the next year, but i dont know if i should use what i have left in my savings to pay a chunk of it off, or to keep my savings, and pay it bit by bit.
i could wipe a few of the debts off completely if i used my savings, but what happens if somethings crops up, like car needing repairs( its 14 year old and i cant afford a new one ), vet bills etc. as i have no access to credit/overdrafts
YABU - use the savings and clear the debts you can
YANBU - keep some savings just in case of emergencies and pay off debts bit by bit