Need help with my debt!!!!

penberty

I have four creditcards, £1500 (£1650 limit), £8350 (£8500 limit) £5400 (£6200 limit) and £5100 (5750 limit), I have a loan of £5500 still to pay over the next 3 years. This all on top of my mortgage. No supplier will provide a consolidation loan for the full amount! How do I clear this debt???? I have taken on extra evening job four nights a week aswell. I need help asap.

Kavanne

So you need £20500. What was the reasons the other providers gave for not being able to provide the consolidation loan?

storminbalder

You really need to get in touch with the CCCS. They will probably advise you to go on a DMP or IVA to get the interest frozen.

It sounds that bankruptcy is a no no if you have a house.

Crap_with_money.com

storminbalder wrote: »

You really need to get in touch with the CCCS. They will probably advise you to go on a DMP or IVA to get the interest frozen.

It sounds that bankruptcy is a no no if you have a house.

I would've thought it's maybe a bit quick to go down that route straight off when the OP doesn't mention their full financial situation - can you maybe post your SOA first off so we can see in more detail exactly where you're needing help?

xx