Feeling very scared and alone
25 replies
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16 posts
Hi everyone
Well (deep breath) I need help and advice. I am £35000 in debt and I am panicking. My husband does not know and I can't tell him either (he can't understand how people can get into debt!!!!) I am off work on Maternity leave until September and since our baby was born the relationship has been strained so I can't go telling him about this.
I owe Barclays approx 20000 (2 separate loans £201 and £239 per month
Cahoot flexible loan £9000 = £168 per month
Capital One credit card £6000 = £180 per month.
I am receiving child benefits £68 per month and maternity pay £411.
Other outgoings £250 housekeeping and £120 car hire (my husband takes care of everthing else.
Before I went on Maternity leave my take home pay was £1024 ( I was struggling then but was using credit to get by!!!) When I return to work I will be going part time because of child care costs so my wage will almost half.
I just feel so sick and tired of my debt, I've always borrowed to get myself out of it - I just wish I had found this forum earlier!
I've read about CCCS and payplan if I was accepted to go on a debt management plan do they:
Contact your employers
require payslips?
Also I am getting really scared about debt collectors calling - I am up to date with all my payments but if I was on a DMP would this happen and do the creditors hassle you. My husband cannot find out about this.
I am desperate for help and advice.
Thanks for taking the time to read this.
Well (deep breath) I need help and advice. I am £35000 in debt and I am panicking. My husband does not know and I can't tell him either (he can't understand how people can get into debt!!!!) I am off work on Maternity leave until September and since our baby was born the relationship has been strained so I can't go telling him about this.
I owe Barclays approx 20000 (2 separate loans £201 and £239 per month
Cahoot flexible loan £9000 = £168 per month
Capital One credit card £6000 = £180 per month.
I am receiving child benefits £68 per month and maternity pay £411.
Other outgoings £250 housekeeping and £120 car hire (my husband takes care of everthing else.
Before I went on Maternity leave my take home pay was £1024 ( I was struggling then but was using credit to get by!!!) When I return to work I will be going part time because of child care costs so my wage will almost half.
I just feel so sick and tired of my debt, I've always borrowed to get myself out of it - I just wish I had found this forum earlier!
I've read about CCCS and payplan if I was accepted to go on a debt management plan do they:
Contact your employers
require payslips?
Also I am getting really scared about debt collectors calling - I am up to date with all my payments but if I was on a DMP would this happen and do the creditors hassle you. My husband cannot find out about this.
I am desperate for help and advice.
Thanks for taking the time to read this.
0
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Replies
Just hang in there , help is on the way I am sure...
"All that is necessary for evil to triumph is for good men to do nothing" Edmund Burke
you have really done the best thing coming here. You will get advice and support from people that have either been or still are in your situation. The best way to try to work things out ( everybody will ask for this ) is to post a statement of affairs on here or a SOA for short. There is a template for one here http://forums.moneysavingexpert.com/showthread.html?t=107280 . Help is at hand.
Welcome.. I know that you are feeling anxious and stressed, but this will only make things worse than they seem.. i know i know sounds easy to say.
You need to think with a clear head so stressing and worrying will not help. Everyone on here will soon have you on the right track.
I do feel that you need to share this with your husband so that he can help you at this time. Together you may be able to make a bigger difference with this debt than by yourself.
Further help will soon come in th form of other MSE's
We will soon have things worked out...
Hang on in there hun..
You are definitely not alone though. Read a few posts on this forum and you will see that we are all in the same boat. (All bailing out like fury but with a smile!!!) :rotfl:
debt free date Dec 2007. :beer:
does anyone know the correct link for the Whatsthecost website?
Bank of Scotland card £3580
Capital one card £2260
Barclaycard £983
Halifax card £1131 Citi card £471
Natwest card £394
Timecard £2933
Next £338
Freemans £129(0%)
Choice £235(0%)
La redoute £210(0%)
Littlewoods £95 (0%)
**************************************************
"Love is like jam. You only have to spread a little to end up getting some on you"
This place is a gold mine of information and support, and you'll feel a lot differently when you've done this. Have a good night's sleep and i've no doubt you'll have lots of proactive advice by the morning.
jot down your in's and outs and we will all try to help you like everyone has helped me. And I would like to try and return the favour somehow.
Keep your chin up!
I will attempt my SOA
Monthly Incomings:
My salary - £411
Benefits - £68
Total - £479
Monthly Outgoings:
Pay £250 towards mortgage, bills and food
£120 per month car (scheme which can't get out of cos its connected to husbands job)
£5 mobile payg
Total £375
Debt
Barclay loan start balance £15000 over 84 months started June 2003 now owe £10131. £239 per month (don't know APR)
Barclay loan start balance £13000 over 84 months started August 2004 now owe £10614. £201 per month (don't know APR)
Cahoot flexible loan owe £9000 started Jan 03 £166 per month APR 8.5%
Capital One credit card £5800 @ £180 per month not sure of APR
Monthly total £786
I have tried to get other loans to consolidate some of the above but have been turned down. Has anyone dealt with barclays, cahoot or capital one???
I hope I have made sense,
Thanks again
You have done the best thing by posting here.
Peppa
x
Will he not have noticed that you have been getting into debt? Forgive me - but how can you spend that sort of money without him noticing at least some of it? What have you spent it on? My reason for saying this is that he just may have an inkling that you are in debt... is that a possibility?
Is your marriage on a firm footing? If he loves you he will understand and want to help (even if there is a tough first reaction)
Anyway... good luck... you have a lot of people who who will want to help you through this.
I haven't got PPI on my loans. I took them all out without it.
I am really enjoying being a mum I just feel worn out by all this. I am so happy with the replys I have received so far. My husband works shifts so he isn't here at the moment. Going to stay up for a bit longer and then going to try and get some sleep:)
Thanks again