WOULD YOU LIKE A MONEY MAKEOVER?

If you’d like to be considered, please email money@ telegraph.co.uk with the subject line “Give me a Money Makeover” and provide the following information: that down to three and a half years by transferring to a 0pc interest card and making the same repayments.

She should look at the overdraft, too. It’s difficult to manage your money if you’re in and out of your overdraft, with fees eating into your disposable income.

Again, it is worth seeing if she can switch her account to a cheaper provider – there are a few 0pc overdrafts out there – or transfer the balance to a 0pc credit card. New rules targeted at repeat overdraft users may mean her bank will start pressurising her to repay, so she should act now.

Based on these changes, she could reasonably expect to be debt-free by the time the loan is repaid in three years’ time, with the exception of the family and friend loans. However, this relies on having a good credit score.

If she has a poor credit rating, she may want to consider a debt management plan (DMP), which is where each creditor agrees to accept a reduced repayment amount, based on what’s affordable, in exchange for freezing interest and charges.

It can be an effective way to clear debt – and she may be able to make allowances to repay her family and friends as well – but it will certainly harm her credit rating.

She can self-manage a DMP, meaning she negotiates with the creditors and makes the agreed payments each month, or she can approach a free debt adviser. Many free debt advice organisations can manage it for you, making payments to your creditors on your behalf.

The StepChange Debt Charity offers free, confidential advice online 24/7 at stepchange.org, and six days a week on 0800 138 1111