Hello there, I was wondering if you all could kindly give me some thoughts and advice on my current situation regarding my debt. I explain the situation in great detail below, and I hope to come to some sort of conclusion on the best decision(s) to make. ---- I have a bank account with a £2750 overdraft, which is interest free, as I am a student. My balance is currently -£1750. Which leaves £1000. I get paid on the 25th of every month (i.e. this Monday) and roughly get £600. Aside from the overdraft, I have 4 main sources of debt: 1. Capital One Classic Visa Card - 34.9% APR Current balance £160 Credit Limit £200 I pay around £25 each month to this account, which is about 2.5 times the minimum payment. 2. Next Directory Store Card - 26.49% APR Current Balance ~£200 Credit Limit £3600! Again, I pay around £25 each month to this account, which is about 2.5 times the minimum payment 3. 48 Month Credit Agreement - 21.8% Date of Agreement - February 2007 Amount of Credit: £219.35 Duration of Agreement: 48 Months (£6.66 x 48) Total Amount Payable (if I take the full 48 Months to pay): £319.68. I asked for a settlement figure in November 2007 which was £202.18. The sooner I pay it off, the less interest I pay. I would estimate a settlement figure of ~£180 if settled today. 4. 48 Month Credit Agreement - 24.9% Date of Agreement - February 2007 Amount of Credit: £178.98 Duration of Agreement: 48 Months (£5.68 x 48) Total Amount Payable (if I take the full 48 Months to pay): £272.64. Again, I asked for a settlement figure in November 2007 which was £166.65. The sooner I pay it off, the less interest I pay. I would estimate a settlement figure of ~£145 if settled today. Total Amount of Debt Owed: £685. I have £1000 available in my bank account that is interest free, and I am considering using it to some extent to try and pay this debt off sooner. The thing is that I don't mind making the minimum payments for all four of these accounts, as it splits it all up into manageable chunks and I feel like I'm not really losing any money by making these small monthly payments. In other words, I don't miss £25 here, or £6.66 there. If I were to go and pay them all off, my bank account would be much much more into the red, and I'd feel bad because my account would be so low - interest free or not. About 6 months ago I was at the limit of my overdraft but I've managed to cut back and now have a better job, so I now have the available funds of £1000... seeing it all go would make me feel I went to all that hard work for nothing. Sure my debt would be paid off, but the debt doesn't seem real because it's in control with these ridiculously small payments, without any sense of urgency to pay them off! So anyway, I'm asking your thoughts, opinions and advice. I get paid on Monday so my available balance is effectively £1000 + £600 = £1600 as from Monday. As for my other out goings, I make monthly payments to a car of £110, £45 for insurance, £30 for mobile phone and £35 for internet and combined telephone line (which I pay for my household). I also get a loan as I am at University which is paid on the 7th of every month ~ £240. Shaun.