massive money problems

dave450

self employed plasterer,£40,000 of dept,caused by two large jobs going under on me,dept,built up on credit cards,a personal loan,overdrafts,now the credit crunch has hit the builders,which has a knock on affect to me,recieving loads phone calls,letters,and about to default on at least three of my commitments,no work,no money,registared with cccs,but trying to stick with own plan,its not working,going down fast.

Bismarck

welcome to MSE...

there are some great folks who can help you.....take a breather.

Naomim

Hi Dave,

Sorry to hear things are bad for you. I'm sure there's going to be a lot of builders/tradesmen in a very tight situation soon if not already.

Can you post up an SOA (I think there's sticky link at the top) and I'm sure the good people on here can go through it and maybe see if there are ways to help out.

Good luck

Naomi

doodledo_2

Hi and welcome to the forum. You have definately come to the right place for advice.

As someone else has said the best place to start is with a SOA - this lists all your incomings, outgoings and your debts including their interest rates. Here is a link to a calculator where you can add all your details and then paste back on here http://www.makesenseofcards.com/soacalc.html.

From this we can there see if there is any room for reducing your outgoings and increasing debt repayments.

Good luck with your debt free journey.

Damita

Welcome to the board

We are all very helpful and supportive here

I would post an SOA and the clever people here will help you think of a way to save money

bellrooster

Hi Dave - Welcome to the board, I'm fairly new too and honetly in a week a so of listening to advice from here and taking action, I'm still in debt but I feel more in control.

My Partners a self employed Joiner so we're in the same boat re credit crunch and lack of work!

Good luck!

annamc75

There is a new website called myhammer which allows trades people to bid on jobs in the local area - have you looked there for work

dave450

yes have registared with many of these sights,hopeing to obtain work,some i get, some not,there must be many buliders,seeking these sights along with the private sector work,beacause builders are not building,the banks are not fronting the money,its a proper mess.looseing much sleep.thanks for help

Barneysmom

HI dave450, where are you, I mean what city/town?

dave450

cheers naomim,whats a soa!, need people to see details,is nice to talk.

dave450

portsmouth,hampshire.