£50000 debt

android_2

i am £50000 in debt ,the debt has come from the last 6-18 months,my salary is £44000 and wife is £18000. i applied for secured loan with first plus everything going ok but got refused today!i was at final stage i have got to send letter to find out why i have been refused.please help us because i want to pay it off and never have credit cards or other loans again!thanks in advance.my mortgage is £57000 and my house worth £235 000!!

Willsnarf1983

Hey Bud

care to expand on how the debt arose. Also if u want help then i suggest doing an Statement of Affairs (SOA). List all your income and all ur expense

Income
1.salary
2.etc etc

Expenses
1.petrol
2.food
3. etc
....


Make sure u list absolutly everything, even if its just pennys!

Will

Jaelor

Getting turned down by FirstPlus is the best thing that could of happened to you. Unfortunately, they saw fit to take me on and my debts are higher than yours, my property not so valuable and I do not earn so much!

You'd be much better getting in touch with CCCS or Payplan and get your debts sorted out that way - they can stop interest and negotiate payments. Please, this is so much better than securing a loan on your house.

You can always post your incomings and outgoings here and people will point out where you can save money and offer suggestions, but please, don't pursue the FirstPlus route

Willsnarf1983

colgatefootball wrote:

i am £50000 in debt ,the debt has come from the last 6-18 months,my salary is £44000 and wife is £18000. i applied for secured loan with first plus everything going ok but got refused today!i was at final stage i have got to send letter to find out why i have been refused.please help us because i want to pay it off and never have credit cards or other loans again!thanks in advance.my mortgage is £57000 and my house worth £235 000!!

You could have been refused for many reasons, ie to much debt to start with, to many applications over a short term...etc etc

Will

southernscouser

Hi there. Have a look at this thread then post back here!

Willsnarf1983

don't believe him he's scouse

joke before i get banded racist...i just don't like the scouse....(again joke!)

Will

southernscouser

Willsnarf1983 wrote:

don't believe him he's scouse

joke before i get banded racist...i just don't like the scouse....(again joke!)

Will

I don't like them either! :rotfl:

crystal_clear

southernscouser wrote:

I don't like them either! :rotfl:

OHHHHHHHH Dear what shall I do no one likes me !!!!!!
I am a Scouser but shushhhhhhh dont tell everyone :kisses3:
:rotfl: :rotfl: :rotfl:

gogsboy

How can you get in that much debt in such a short period of time, I mean its not as if you are earning minimum wage

android_2

family member in trouble with some bad people i have bailed him out what else could i do!!!

whatamess_2

Hi as others have said. Be VERY thankful you were declined by first plus. They help at the time but are not so good when you are against the wall. Have you looked at a remortgage.
Messy.